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Declout's FY16 profitability and revenue hit record high

PC Lee
PC Lee2/22/2017 07:27 AM GMT+08  • 2 min read
Declout's FY16 profitability and revenue hit record high
SINGAPORE (Feb 22): Technology company Declout saw FY16 earnings more than double to $7.8 million while revenue rose 8.8% to a record high of $304 million.
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SINGAPORE (Feb 22): Technology company Declout saw FY16 earnings more than double to $7.8 million while revenue rose 8.8% to a record high of $304 million.

Declout said strong performance in the group’s IT Infrastructure Services segment and the divestment of its subsidiary, Acclivis, drove the 26% increase in net profit after tax to a record $9.7 million.

In 4Q16, earnings more than doubled to $10.9 million from $5.2 million a year ago on higher other income which increased by $22.8 million to $24 million mainly due to the gain arising from the divestment of ATS and the gain on bargain purchase from acquisition of a new subsidiary.

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