Yongnam Reports a Marginal Loss of S$1.9 Million in 1QFY2014

Yongnam just released their Q1 financial results and as expected, it's a bad report. For the rest of FY2014, Yongnam is still expected to report this kind of financials. Any contracts they are awarded now will only be reflected in their books from the second half of FY2014. Q1 revenue fell 12.4% which results in a marginal loss of S$1.9 Million. Yes, its a loss. I wrote in an earlier blog post...
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