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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.

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