, Singapore

Santak braces for loss before taxation in 1H15

Due to lower margins and increased production costs.

Precision machine components manufacturer Santak Holdings has warned shareholders of a loss before taxation for the first half of FY 2015.

Santak blamed the loss on lower gross margin for its existing precision machined component products and the “significant costs” that the group is incurring for the qualification and development process of new precision machined component projects which encountered delays in the commencement of mass production ramp up in HY2015.
 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!