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Azeus Systems swings back to profitability in FY18 with earnings of $0.32 mil

Samantha Chiew
Samantha Chiew5/30/2018 06:48 PM GMT+08  • 2 min read
Azeus Systems swings back to profitability in FY18 with earnings of $0.32 mil
SINGAPORE (May 30): Azeus Systems Holdings, the Hong Kong-based IT consultancy services provider, has swung back to profitability in FY18 with earnings of HK$ 1.87 million ($0.32 million), compared to a loss of HK$ 21.6 million in FY17.
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SINGAPORE (May 30): Azeus Systems Holdings, the Hong Kong-based IT consultancy services provider, has swung back to profitability in FY18 with earnings of HK$ 1.87 million ($0.32 million), compared to a loss of HK$ 21.6 million in FY17.

Revenue for FY18 was 5% higher at HK$ 102.4 million from HK$97.9 million in the previous year.

This was mainly due to a 106% y-o-y increase in revenue contribution from Azeus Products to HK$ 24.4 million, but was offset by lower revenue contribution from the group’s Professional IT Services.

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