Nonetheless, the group subsequently announced new orders worth some S$21 million.
It added that all three business segments – Specialist Relocation, 3PL, and Technical & Engineering – appear poised to benefit from these opportunities. Low Weng Fatt, Chasen's managing director and chief executive, said:"Our first-quarter results show clear signs of recovery for all three business segments. While Covid-19 had affected the performance in FY2020, we are also seizing new opportunities that will contribute to our performance in the coming months."
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