Citic Envirotech, a membrane-based water treatment solutions provider, on Tuesday reported a 4.2 percent fall in second-quarter profit.
Net profit after tax fell to S$22.2 million in the three months ended June 30 compared to S$23.2 million in the corresponding period last year.
Total revenue fell 4 percent to $134.4 million in the quarter.
Revenue from engineering segment, which contributes majority to the group sales, inched up 0.1 percent.
Revenue from membrane segment slumped 46.7 percent in the period due to the completion of a major project.
Shares of the mainboard-listed company ended down 1.3 percent at S$0.76 on Tuesday.