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Intraco reports doubling of FY17 earnings of $2.1 mil on higher sales and lower admin expenses

PC Lee
PC Lee3/1/2018 11:0 PM GMT+08  • 2 min read
Intraco reports doubling of FY17 earnings of $2.1 mil on higher sales and lower admin expenses
SINGAPORE (Mar 1): Intraco, the investment management company, reported full-year earnings more than doubled to $2.1 million in FY17 from $0.8 million in FY16 mainly due to higher revenue and lower administrative expenses.
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SINGAPORE (Mar 1): Intraco, the investment management company, reported full-year earnings more than doubled to $2.1 million in FY17 from $0.8 million in FY16 mainly due to higher revenue and lower administrative expenses.

The group’s revenue grew 13.0% to $121.3 million in FY17 due to improved contribution from all its business units. Revenue from the trading and other segment rose 14.2% to $108.7 million in FY17 mainly driven by the plastic trading business, which benefitted from higher allocation of plastic resin.

The fire protection segment saw revenue increasing by 3.3% to $12.6 million due to a higher number of contracts secured during the year in spite of slower pace of activities in the construction sector.

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