Hiap Seng Industries' (SGX:1L2) attributable profit to equity holders plunged to SG$2.1 million for the half year ended March 31, from SG$19.2 million a year earlier, according to a Tuesday filing with the Singapore Exchange.
Earnings per share dropped to SG$0.001 compared with SG$0.004 in the comparable period.
Revenue declined 20% year over year to SG$10.2 million from SG$12.8 million, due to lower volume of maintenance and shutdown activities.
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