SINGAPORE (Aug 7): Advancer Global, the integrated workforce solutions and services provider, announced that it has registered a growth of 19.3% in 1H17 earnings to $2.3 million from a year ago.
This came on the back of a 37.4% increase in revenue to $31.9 million. All business segments registered revenue growth in 1H17, in particular, Building Management Services and Security Services. These two business segments are expanded with the acquisitions of Newman & Goh Property Consultants, Newman & Associates, Premier Eco-Care, Prestige Enviro-Care, and Green Management, and Ashtree International in 2H16.
Gross profit rose by 59.5% to $9.5 million in 1H17 from $5.9 million in 1H16. Gross profit margin improved from 25.5% in 1H16 to 29.6% in 1H17 as the group experienced an increase in gross profit margin throughout all its business segments.
