SINGAPORE (Nov 9): Design Studio, the furniture manufacturer and fit-out specialist, saw 3Q earnings double to $5 million on the back of higher revenue and increased margins.
Revenue rose 36.3% to $43.5 million on the back of increased contribution from the residential property, and the hospitality and commercial business segments. Gross margins rose to 23.1% from 19.4% a year ago due to higher margins from projects completed during the quarter.
As of Sept 30, Design Studio stood at $242.1 million and has secured 40 new projects worth $178.9 million year to date.
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)
