August 12, 2010, 5.56 pm (Singapore time)
Engro's Q2 net profit falls 73.5% on weaker cement sales
By ANGELA TAN
Engro Corporation Limited reported on Thursday that its net profit for the second quarter of 2010 fell 73.5 per cent to S$3.62 million.
The weaker performance was a result of a lower dividend income received from an investee company as well as a fall in gross profit from its cement business in Singapore arising from lower sales volume and selling price.
Revenue fell 11.6 per cent from a year ago to S$26.72 million due to lower sales from its cement business in Singapore.