Electronics manufacturer Huan Hsin Holdings sank deeper into the red in 2012 amid stiff competition and weak demand for personal computers (PCs).

Huan Hsin's net loss almost trebled to S$97.7 million, or 24.4 Singapore cents per share, in the year ended Dec 31, it said on Friday. This included S$42.7 million in impairment charges on the company's operating and available-for-sale assets as a result of the continuing operating losses.

Net asset value per share fell 41.4 per cent to 39.01 Singapore cents.

Revenue dropped 18 per cent to S$519.6 million because of " sustained economic weaknesses in the market, especially in Europe and the United States and the intensified competition in the industry which affected consumers' spending on PC replacement cycle," the company said.