As a result, XMH incurred a net finance cost of $0.2 million in 1Q18, compared to a net finance income of $1.0 million a year ago.
SINGAPORE (Sept 8): XMH Holdings, the provider of diesel engine, propulsion and power generating solutions in the marine and industrial sectors, posted a 44.5% decline in earnings to $106,000 for the 1Q ended July, from $191,000 a year ago.
This was mainly due to the absence of an unrealized foreign exchange gain derived from the revaluation of Singapore dollar loans by a subsidiary company whose functional currency is denominated in Japanese yen.
