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Read more at The Business Times.

, reversing from a loss of US$53.9 million in the year-ago period, as lower expenses gave a boost to its bottom line. The counter closed at 26.5 Singapore cents on Wednesday, up 1.9 per cent, or 0.5 cent.from S$36.7 million a year ago. The profit declines came on the back of a record high performance in the year-ago period, Hong Leong Finance said. The net attributable profits included a net recovery of doubtful debts and other financial assets of S$5.7 million and S$7.4 million respectively.

Global new shipbuilding orders have declined by 44 per cent more in deadweight tonnage terms in the first nine months of 2019 compared to the same period in 2018, hit by trade and economic uncertainty and shipowners taking time to firm up their plans to cope with the IMO 2020 rules on emission. Its shares closed down S$0.025 or 2.6 per cent to S$0.955 on Wednesday.to about S$206,000 from S$3.8 million a year ago. This came on the back of a 29 per cent drop in revenue to S$67 million from S$94.

 

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