SINGAPORE (May 30): King Wan Corporation has posted earnings of $1.0 million for the full year ended March, reversing out of a loss of $17.9 million a year ago.
The improvement was attributed to higher contributions from associates, lower allowances made for amounts due from associates, and the absence of impairments on available-for-sale investments during the year.
Group revenue fell 9% to $91.9 million in FY17, from $100.8 million a year ago.
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