Tat Seng Packaging's (SGX:T12) attributable profit to owners declined by 30% during 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.
Shares of the company were down under 1% in Friday trading.
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.
The company declared an interim dividend of SG$0.01 per share, down from SG$0.03 per share a year earlier.
The dividend will be paid on Nov. 12.