SINGAPORE (Aug 13): Cityneon Holdings reported 2Q18 earnings more than doubled to $9.01 million compared to the 2Q17 restated earnings of $4.20 million, mainly due to lower cost of sales and income tax credit recognised during the quarter.
This brings 1H18 earnings to $13.0 million, 102.9% higher than restated earnings of $6.39 million in 1H17.
Revenue for the quarter was 1.5% higher at $31.9 million from $31.5 million a year ago.
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