GS Holdings narrows full-year loss by 8% to S$3.6m

LOWER cost of sales and administrative expenses, as well as additional government grants helped GS Holdings narrow its full-year net loss even as revenue fell, the centralised dishwasher firm announced on Tuesday night.

Administrative expenses also fell - by S$167,000 - mainly due to the resignation of some management and office staff as a result of the restructuring.

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