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Challenger 2Q earnings up 2% to $3.84 mil despite lower revenue

Michelle Zhu
Michelle Zhu8/4/2017 7:1 PM GMT+08  • 2 min read
Challenger 2Q earnings up 2% to $3.84 mil despite lower revenue
SINGAPORE (Aug 4): Challenger Technologies, the IT products and services provider, announced earnings of $3.84 million for 2Q17 ended June, 2% higher than  $3.76 million it posted in the same period a year ago.
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SINGAPORE (Aug 4): Challenger Technologies, the IT products and services provider, announced earnings of $3.84 million for 2Q17 ended June, 2% higher than $3.76 million it posted in the same period a year ago.

This comes in spite of a 14% decline in revenue to $78.7 million compared to $91.2 million in 2Q16, which was due primarily to lower contribution from its IT products and services segment on weaker performance from retail operations, as well as lower revenue contribution from the tradeshow division.

The decrease in revenue was primarily due to lower contributions from IT products and services which decreased 13.8% to $77.2 million in 2Q17 from $89.6 million in 2Q16 mainly due to weaker performance from retail operations and lower revenue contribution from tradeshow division, partially offset by revenue contribution from corporate sales and online sales.

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