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Tritech and Terratech report FY17 losses

PC Lee
PC Lee • 1 min read
Tritech and Terratech report FY17 losses
SINGAPORE (May 29): Tritech Group, the provider of engineering products and services, reported FY17 losses narrowed to $11.7 million from $14.2 million a year ago.
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SINGAPORE (May 29): Tritech Group, the provider of engineering products and services, reported FY17 losses narrowed to $11.7 million from $14.2 million a year ago.

Full-year revenue decreased to $61 million from $69.2 million mainly due to the decrease in revenue in the engineering business of $1.8 million and water-related and environmental business of $6.4 million.

In March, developer Capital World launched a reverse takeover of Terratech Group, Tritech's marble resources business.

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