SINGAPORE (May 16): First Resources reported a 44% fall in 1Q18 earnings to US$27.7 million (S$37 million) and a 40% fall in 1Q18 profit from operations to US$43.3 million.
The weaker bottomline was mainly due to the effects of inventory build-up and lower average selling prices (ASP).
Sales decreased by 30.2% to US$135.6 million in 1Q18, reflecting the...(click on link for full story on theedgesingapore.com)