Project and production costs fell 59.8% to $5.4 million in HY2017, in line with a decrease in revenue, and lower sub-contractor and overhead costs.
SINGAPORE (Aug 11): Firearms-training facilities engineering group Starburst Holdings reversed out of the red with earnings of $0.6 million in the 1H17 ended June, from a net loss of $2.1 million a year ago.
This came on the back of a vastly improved gross profit margin, which surged 37.7 percentage points to 45.8% in 1H17 due to better management of project and production costs.
