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Challenger posts 2% increase in 2Q earnings to $4 mil on lower expenses; declares 1.1 cents interim dividend

Samantha Chiew
Samantha Chiew8/3/2018 05:53 PM GMT+08  • 2 min read
Challenger posts 2% increase in 2Q earnings to $4 mil on lower expenses; declares 1.1 cents interim dividend
SINGAPORE (Aug 3): Challenger Technologies on Friday announced 2Q18 earnings increased by 2% to $4.0 million compared to $3.91 million in 2Q17 on stronger gross profit margins and lower expenses.
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SINGAPORE (Aug 3): Challenger Technologies on Friday announced 2Q18 earnings increased by 2% to $4.0 million compared to $3.91 million in 2Q17 on stronger gross profit margins and lower expenses.

This brings 1H18 earnings to $9.22 million, 32% higher than $7.01 million in 1H17.

Revenue for the quarter however saw a 3% drop to $76.2 million from $78.8 million a year ago.

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