In line with the lower revenue, cost of sales declined 2.3% to RMB270.4 million over the quarter.
Singapore (May 7): Sapphire Corporation announced earnings of RMB3.4 million ($0.7 million) for the 1Q ended March, down 16.6% on-year from RMB4 million on lower revenue and higher finance costs.
Revenue fell 2.2% to RMB297 million from RMB303.6 million in 1Q18 due to lower sales of railway sleepers during 1Q2019.
