Revenue slipped to $171.0 million in 3Q17, down 1% from $173.2 million a year ago.
The group says demand and selling prices of RMC remained steady during the 3Q, while cargo volumes from the two ports remained stable.
As at end September, cash and cash equivalents stood at $40.3 million.
Looking ahead, Pan-United says it continues to see nascent prospects in Singapore, with the surge of redevelopment opportunities expected to come on stream as a result of collective land sales.
Meanwhile, the regional outlook continues to be positive as One Belt One Road investments are expected to ramp up infrastructure development in Asia.
Pan-United in May 2017 announced its intention to de-merge its wholly-owned holding company of its ports business, Xinghua Port Holdings, and subsequently apply for the listing of Xinghua on the Hong Kong Stock Exchange (HKSE).
The group says its shareholders have approved the de-merger at an EGM held on Oct 13.
Shares of Pan-United closed half a cent lower at 57.5 cents on Thursday.
