Tat Seng Packaging's (SGX:T12) attributable profit to owners declined 30% in the first half of the year to SG$7.1 million from SG$10.1 million a year earlier, according to a Thursday filing with the Singapore Exchange.
Earnings per share dropped to SG$0.0451 compared with SG$0.0644 in the comparable period.
Revenue fell 13% year over year to SG$111.1 million from SG$127.2 million, due to a reduction in total sales volume.
The company declared an interim dividend of SG$0.01 per share for the period, down from SG$0.03 per share a year earlier.