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DeClout's 3Q net loss narrows by $0.5 mil

PC Lee
PC Lee11/13/2017 10:56 PM GMT+08  • 2 min read
DeClout's 3Q net loss narrows by $0.5 mil
SINGAPORE (Nov 13): DeClout, the global builder of next-gen ICT companies, saw 3Q net loss narrow to $3.0 million from a net loss of $3.5 million last year.
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SINGAPORE (Nov 13): DeClout, the global builder of next-gen ICT companies, saw 3Q net loss narrow to $3.0 million from a net loss of $3.5 million last year.

DeClout reported revenue of $73.4 million for 3Q17, a 9.6% decrease from $81.2 million in 3Q16. This was due mainly to the absence of $13.1 million revenue contribution from Acclivis, which was divested in late 2016.

Excluding the revenue contribution from Acclivis in 3Q16, 3Q17’s revenue would have risen by 7.9% y-o-y.

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