Net profit for the three months to 30 June fell to SGD 2m ($1.57m) from SGD 4.3m during the same period a year ago, the company announced today.
Group-wide sales slumped from $21.6m in the second quarter of last year to $10.4m this time round.
Maritime services was hit hardest with revenue tumbling to almost nothing from SGD 9.4m last year as scheduled projects are expected to be completed only in the second half of the year.
Swissco
