Employee benefits expenses saw a 2.2% y-o-y drop to $814,000, while depreciation expense declined by 5.5% y-o-y to $361,000. Other operating expenses was also 18.9% lesser y-o-y at $502,000.
SINGAPORE (May 3): Starburst Holdings, a Singapore-based engineering group specialising in the design and engineering of firearms-training facilities, announced that its 1Q19 losses have narrowed by 8.3% to $1.2 million, compared to a loss of $1.3 million in 1Q18.
Revenue saw a slight increase of 2.3% to $1.62 million from $1.58 million a year ago, mainly contributed by maintenance works.
