Home Capital Results

Courts Asia sees 2Q earnings fall 74% to $1.5 mil on Malaysia sales, lower margins

Michelle Zhu
Michelle Zhu11/9/2017 07:08 PM GMT+08  • 2 min read
Courts Asia sees 2Q earnings fall 74% to $1.5 mil on Malaysia sales, lower margins
SINGAPORE (Nov 9): Courts Asia has reported a net profit of $1.5 million for 2Q FY17/18, down 74.7% from its net profit of $5.98 million a year ago on lower profit margins in Singapore.
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 (Nov 9): Courts Asia has reported a net profit of $1.5 million for 2Q FY17/18, down 74.7% from its net profit of $5.98 million a year ago on lower profit margins in Singapore.

Revenue for the quarter fell 1.4% to $176.5 million compared to a year ago from lower revenue contributions from Malaysia, which decreased 19.7% in Singapore currency terms due to the lower sales of goods and earned service charge income.

The lower contribution from Malaysia was partially offset by higher revenue from Singapore and Indonesia, which grew due to higher sales of goods and contributions from newly-opened stores, respectively.

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.