Cost-cutting helps to trim losses at ASL Marine

Singapore’s ASL Marine has managed to cut its second quarter losses by over 54% on the back of a major cost-cutting initiative.

ASL trims red ink, but still ends year with big loss

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The company reported a loss of SGD 4.5m ($3.2m) against a loss of SGD 9.8m reported in the corresponding period 12 months ago.