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IPS Securex swings into FY17 net loss of $2.5 mil

PC Lee
PC Lee8/17/2017 08:12 AM GMT+08  • 2 min read
IPS Securex swings into FY17 net loss of $2.5 mil
SINGAPORE (Aug 17): Security solutions provider IPS Securex swung to net losses of $2.8 million and $2.5 million in 4Q17 and FY17 respectively.
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SINGAPORE (Aug 17): Security solutions provider IPS Securex swung to net losses of $2.8 million and $2.5 million in 4Q17 and FY17 respectively.

The group had reported net profits of $2.1 million and $2.2 million in 4Q16 and FY16 respectively.

Group revenue decreased 53.2% to $2.1 million in 4Q from $4.4 million. For FY17, revenue fell 9.3% to $11.6 million.

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