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Chasen reports 7% lower FY19 earnings of $5.4 mil on higher tax expenses

PC Lee
PC Lee5/31/2019 07:48 AM GMT+08  • 2 min read
Chasen reports 7% lower FY19 earnings of $5.4 mil on higher tax expenses
SINGAPORE (May 31): Chasen Holdings, the Pan-Asian logistics specialist, reported FY19 earnings of $5.4 million, down 7% from a year ago on lower operating income and higher income tax expense.
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SINGAPORE (May 31): Chasen Holdings, the Pan-Asian logistics specialist, reported FY19 earnings of $5.4 million, down 7% from a year ago on lower operating income and higher income tax expense.

However, the group saw record full-year gross profit of $32.1 million for FY19, thanks to record revenue propelled by demand for its Specialist Relocation services in China.

But other operating income fell 37% to $2.4 million while income tax expense nearly trebled to $2.5 million.

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