Mun Siong Engineering's Q3 Net Loss Widens as Revenue Falls 13%; Shares Down 6%

MT Newswires

2024/11/13

Mun Siong Engineering (SGX:MF6) booked a net loss before tax of SG$3.1 million in the third quarter, compared with a net loss before tax of SG$400,000 a year earlier, a filing with the Singapore Exchange said on Tuesday.

Total revenue was down 13% year over year to SG$15.8 million from SG$18.2 million, mainly due to lower revenue contributions from Singapore, Malaysia and the US.

Shares of the engineering services company were down over 6% in recent trading.

Price (SGD): S$0.03, Change: S$-0.0020, Percent Change: -6.25%

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