The loss incurred is due mainly to lower margins from certain projects as well as overall lower level of strutting and fabrication activities which resulted in overhead costs not fully absorbed.
SINGAPORE (Aug 14): Yongnam, the steel fabrication company, announced a 2Q17 loss of $4.1 million compared to earnings of $156,000 the previous year.
Revenue dipped 5.4% to $79.8 million from $84.3 million the same period last year.
