plunged 99.5% from S$98.12 million in the third quarter of 2007 to just S$507,000 a year later as the company reeled from a double beating by slumping oil prices and the worldwide credit crunch. (US$1=S$1.47). Earnings per share came to S0.12 cent compared with S19.03 cents for the same period last year. Revenue surged 46%…
SINGAPORE: Singapore Petroleum reports 99.5% drop in Q3 earnings to S$507,000
Posted on October 22, 2008 by EnergyAsia