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Design Studio’s 3Q earnings more than double to $5 mil on higher revenue and margins

Benjamin Cher
Benjamin Cher11/9/2016 06:27 PM GMT+08  • 1 min read
Design Studio’s 3Q earnings more than double to $5 mil on higher revenue and margins
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.
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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.

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