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ISOTeam posts 30% drop in FY17 earnings

PC Lee
PC Lee8/24/2017 08:54 AM GMT+08  • 2 min read
ISOTeam posts 30% drop in FY17 earnings
SINGAPORE (Aug 24): ISOTeam reported earnings of $6.4 million for the FY17 ended June, down 30.1% compared to $9.2 million a year ago.
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SINGAPORE (Aug 24): ISOTeam reported earnings of $6.4 million for the FY17 ended June, down 30.1% compared to $9.2 million a year ago.

Revenue came in at $82.9 million, down 11.9% from $94.1 million.

The Repairs and Redecoration (R&R) and Addition and Alteration (A&A) specialist says FY17 performance was affected by a reduction in the number of projects available in the R&R industry. R&R full year revenue fell 48.1% to $20.9 million.

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