Civmec reports 29% fall in 1Q earnings to $6.2 mil

SINGAPORE (Nov 8): Civmec reported a 28.8% fall in 1Q17 earnings to $6.2 million on lower sales and higher administrative expenses.

Revenue fell 27.2% to $104.6 million while administrative expenses to $6.4 million from $5.9 million in 1QFY16.

The company’s order book currently stands at $288 million, an 85% increase from 4QFY16.

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