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ISOTeam posts 39% decline in 2Q earnings to $1.9 mil

Samantha Chiew
Samantha Chiew2/12/2018 06:46 PM GMT+08  • 2 min read
ISOTeam posts 39% decline in 2Q earnings to $1.9 mil
SINGAPORE (Feb 12): ISOTeam announced 2Q18 earnings fell 38.9% to $1.89 million compared to $3.09 million in 2Q17.
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SINGAPORE (Feb 12): ISOTeam announced 2Q18 earnings fell 38.9% to $1.89 million compared to $3.09 million in 2Q17.

Revenue decreased 1.0% to $23.8 million from $24.0 million a year ago, mainly due to lower contribution from the group’s repairs and redecoration (R&R), as well as coating and painting (C&P) businesses

This was partially offset by an increase in revenue from the group’s addition and alteration (A&A), as well as other businesses.

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