November 10, 2008, 5.39 pm (Singapore time)
Enviro-Hub sinks into the red in Q3
By ANGELA TAN
Enviro-Hub Holdings Ltd on Monday reported the waste management group sank into the red for the third quarter ended September 30, 2008 and warned that the slowdown in the global economy would have an impact on the volume and price of E-Waste.
For the third quarter, the group made a net loss of S$172,000 compared to a net profit of S$196,000 a year ago.
Revenue was down 59 per cent at S$18.24 million due to a decrease in its trading of metals.
Due to further unexpected delays in the completion of the setting up of the plastic to fuel plant, the group now expects the plant to be operational in 1Q 2009.