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Federal International 2000 announces 41.7% lower FY17 earnings of $4.2 mil

Michelle Zhu
Michelle Zhu2/26/2018 05:40 PM GMT+08  • 2 min read
Federal International 2000 announces 41.7% lower FY17 earnings of $4.2 mil
SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million
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SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million in FY16 due to lower margins.

Revenue for the full year grew 45.2% to $130 million compared to $89.5 million on the back of higher revenue contributions from the group’s Trading business segment.

However, due to lower margins on sales for certain projects under the Trading business segment also led to a decline in gross profit margin to 17.1% in FY17 from 19.9% the year before.

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