Sarine Technologies (SGX:U77) swung to a loss of $166,000 during the first half of the year from a profit of $1.0 million a year earlier, according to a Sunday filing with the Singapore Exchange.

Shares of the company were down over 4% in Monday trading.

Loss per share came in at $0.0005 compared with earnings per share of $0.003 in the comparable period.

Revenue declined 30% year over year to $15.3 million from $21.9 million, mainly due to lower sales and lower gross profit margin.