Yongnam reverses loss with $1m profit in Q1
Thanks to better margins.
Mainboard-listed steel contractor and specialist civil engineering solutions provider Yongnam Holdings reported a net profit of $1m in the first quarter, reversing its $2.5m loss in the same period last year.
The group reported better project margins despite an 8.2% decrease in revenue. The group reported an earnings per share of 0.06 Singapore cent, compared to loss per share of 0.15 Singapore cent in 1Q2014.