Home Capital Results

Chasen's 4Q earnings double to $2.4 mil on higher revenue

Michelle Zhu
Michelle Zhu5/30/2018 08:02 AM GMT+08  • 2 min read
Chasen's 4Q earnings double to $2.4 mil on higher revenue
SINGAPORE (May 30): Chasen Holdings, the provider of specialist relocation services, reported earnings of $2.4 million for the 4Q ended March, doubling from its 4Q17 earnings of $1.2 million a year ago on higher revenue.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (May 30): Chasen Holdings, the provider of specialist relocation services, reported earnings of $2.4 million for the 4Q ended March, doubling from its 4Q17 earnings of $1.2 million a year ago on higher revenue.

The latest set of quarterly results brings the group’s earnings for the full year to $5.5 million, double of its FY17 earnings of $2.6 million.

Revenue for 4Q18 grew 10% to $35.4 million from $32.3 million a year ago, mainly contributed by higher revenue contributions from the Specialist Relocation and Third Party Logistics Business segments as compared to a year ago, which the group attributes to strong demand for its specialist relocation services in China and US, as well as cross-border freight services in Southeast Asia.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.