Corporate digest

XMH Holdings

ENGINE maker XMH Holdings lost S$88,000 in the second quarter ended Oct 31, down from a year-ago net profit of S$2.8 million, as weak market sentiment dragged down project revenue. Overall revenue slipped 2.8 per cent to S$25.1 million. Administration expenses jumped 87 per cent to S$5.2 million from the year-ago expenses of S$2.8 million. Looking ahead, XMH sees ongoing weakness in the oil and gas sector, but potential for benefits from rising coal prices.

Oriental Group