SINGAPORE (Mar 1): Integrated services provider Advancer Global announced a 14.2% rise in FY17 earnings to $3.1 million from $2.7 million a year ago on higher revenue and gross margins across its business segments.
Revenue for the quarter grew 28.2% to a record $65.3 million through higher aggregate service fees from all of its business segments.
Specifically, the overall growth in revenue was attributed to the higher number of foreign domestic workers that the group had placed out to households in Singapore; contributions from acquired entities; higher service income from existing and new cleaning services contracts; and higher aggregate service fees charged for on-going security projects.
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