In spite of a 25 per cent drop in revenue, Hyflux maintained its
earnings in the second quarter, helped by effective cost management.
Net profit attributable to shareholders grew one percent from the same period last year to $17.7 million.
Revenue stood at $138.3 million, down from $183.6 million a year ago.
The firm had a order book of $2.7 billion at the end of June 2013, and said at a results briefing that the industry was picking up after a few dry years.
Its Tuaspring Desalination Plant is also expected to be completed soon, with the official opening to take place in September.
Net profit attributable to shareholders grew one percent from the same period last year to $17.7 million.
Revenue stood at $138.3 million, down from $183.6 million a year ago.
The firm had a order book of $2.7 billion at the end of June 2013, and said at a results briefing that the industry was picking up after a few dry years.
Its Tuaspring Desalination Plant is also expected to be completed soon, with the official opening to take place in September.
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