Challenger reports 44% higher 3Q earnings of $4.5 mil on improved revenue, lower expenses

SINGAPORE (Nov 2): Challenger Technologies posted $4.5 million in earnings for the 3Q ended Sept, 44% higher its restated earnings of $3.1 million a year ago on higher revenue as well as lower operating expenses.

Revenue for the quarter grew 6% to $82.5 million from $77.8 million previously, mainly due to higher contribution from IT products and services as both the corporate sales and tradeshow divisions booked revenue growth.

This was however offset in part by lower revenue contributions from the electronic signage services business segment compared to a year ago, on the back of partial completion of a major project in 3Q17.

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