The Singapore-based company posted a loss of US$17.5 million for the June quarter, sliding for a net profit of US$6.1 million over the same three-month period last year.
The slide into the red came as revenues dropped from more than US$71 million a year ago to US$46.1 million in the recent quarter.
Posh blamed the fall in revenue on lower performance from its three major business segments, while also noting its share of joint-venture results recorded a loss of US$3.1
