AP Oil International's (SGX:5AU) profit after tax declined by 2% during the first half of the year to SG$818,000 from SG$832,000 a year earlier, according to a Tuesday filing with the Singapore Exchange.
Shares of the company were down nearly 5% in Wednesday trading.
Earnings per share dropped to SG$0.00497 compared with SG$0.00506 in the comparable period.
Revenue declined 1% year over year to SG$27.2 million from SG$27.6 million, mainly due to a decrease in manufacturing revenue.
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