Thursday, Apr 2, 2015Thursday, Apr 2, 2015
Business
 

Net loss at Unionmet (Singapore) worsens as revenue plunges

Published on Apr 9, 2014 8:25 PM
 

SINGAPORE - Unionmet (Singapore) has reported a widening of its first quarter net loss to US$746,000 (S$944,000) from US$206,000.

Revenue for the three months to Feb 28 slumped by 83.7 per cent to US$2.6 million.

This was mainly due to lower sales of zinc related products, lead ingots, ore concentrates as the group's trading activities slowed down as a result of the group's change in business focus.

The fall was partially offset by an increase in sales of indium ingots by about US$400,000.

 
Enjoy 2 weeks of unlimited digital access to The Straits Times. Get your free access now!

Videos