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Wong Fong Industries posts 18% drop in 1H earnings to $712,000

Samantha Chiew
Samantha Chiew • 2 min read
Wong Fong Industries posts 18% drop in 1H earnings to $712,000
SINGAPORE (Aug 8): Wong Fong Industries, the provider of land transport engineering solutions and systems, announced 1H17 earnings decreased 18.2% to $712,000 from $820,000 in 1H16.
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SINGAPORE (Aug 8): Wong Fong Industries, the provider of land transport engineering solutions and systems, announced 1H17 earnings decreased 18.2% to $712,000 from $820,000 in 1H16.

The group’s revenue also declined 8% to $28.1 million in 1H17 from $30.6 million in 1H16, mainly due to a decrease in revenue from the Equipment Sales, and the Repairs and Servicing business segments.

This was partially offset by an increase in revenue from the Projects and the Training business segments.

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