Far East Group Reports 1H15 Net Loss Of $1.3 Million

Far East Group reported a 1H15 net loss of $1.3 million together with a decrease of 3.8 percent in revenue.

Although the drop in revenue is considerably mediocre, and with cost of sales remaining relatively unchanged with just a 0.2 percent increase, the company has experienced leaping expenses across the board.

Distribution and selling expenses increased 17.1 percent to $2.4 million, while administrative expenses rose by 13.1 percent to $3.7 million.

The drop in revenue coupled with the rise in expense of the company ultimately led it into the red.

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