XMH profit dives 47%

Singapore-listed marine engine maker XMH Holdings’ (XMH’s) first-quarter 2016 profit dropped 46.9% year on year (y/y) to SGD740,000 (USD460,000).
The company’s revenue declined 7.8% y/y to SGD23.8 million, while its gross profit also dipped 4.8% y/y to SGD6.3 million.
XMH attributed the decrease
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