BH Global

BH Global: 3Q13 net loss decreased to $638k compared to the loss of $3.5m in 3Q12, while revenue ticked up 2% to $25.6m. The stable top line came on the back of a 27% improvement from its manufacturing segment after the delivery of a substantial order of marine switchboard to its major customer in the quarter, which was partially mitigated by 57% slump in revenue from galvanized steel wire due to increased price competition and a 14% decline in its core segment, marine cables and accessories, as a result of the slowdown in the marine sector. Management will continue its focus on expanding its network in the region, in view of a good position upon a recovery