Revenue for 4Q decreased by 18.1% to $26.1 million. Full-year revenue decreased by 16.8% year on year to $90.2 million due to a decrease in revenue recorded in the project and after-sales business segments, which were affected by the weak market sentiment and lower contract value awarded.
SINGAPORE (June 28): XMH Holdings, the diesel engine and power generating solution provider, swung to a 4Q and FY17 net loss of $2.13 million and $1.1 million respectively.
Excluding the one-off non-cash impairment on intangible assets of $2.6 million, XMH says the group would post FY17 ended April earnings of $1.6 million.
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