SINGAPORE (Nov 14): Hong Leong Asia saw losses in 3Q17 widened 26.2% to S$17.6 million, from a loss of S$13.9 million in 3Q16.
Revenue for the quarter was up by 16.1% to S$963.2 million, from S$829.8 million a year ago, mainly due to revenue growth recorded by Yuchai which was partially offset by the revenue decline of BMU and Xinfei.
Yuchai’s revenue increased by S$172.3 million or 28.8% as compared to 3Q16. It sold 82,839 engines in the quarter, an increase of 25.5% or 16,826 units as compared...(click on link for full story on theedgesingapore.com)