Rotary’s 3Q earnings fall 81% to $1.2 mil

SINGAPORE (Nov 8): Rotary Engineering has reported $1.2 million earnings for 3QFY16, an 81% decrease from the $6.3 million earnings in 3QFY15.

Revenue decreased 13% to $52.6 million for the quarter to September, as the group’ major projects reached completion.

Gross profit margins rose by 4 percentage points to 26% from improvements in its productivity.

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