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Koda posts 2% drop in FY19 earnings to $7.4 mil; declares 2 cents final and special dividend

Samantha Chiew
Samantha Chiew8/29/2019 6:11 PM GMT+08  • 2 min read
Koda posts 2% drop in FY19 earnings to $7.4 mil; declares 2 cents final and special dividend
SINGAPORE (Aug 29): Furniture manufacturer Koda reported FY19 earnings of US$5.3 million ($7.4 million), down 1.9% compared to US$5.4 million in FY18.
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SINGAPORE (Aug 29): Furniture manufacturer Koda reported FY19 earnings of US$5.3 million ($7.4 million), down 1.9% compared to US$5.4 million in FY18.

This was despite a 10.5% increase in revenue to US$57.9 million from US$52.4 million last year, led by higher export sales to the group’s key markets.

Cost of sales however rose 17.3% y-o-y to US$39.6 million, mainly due to higher costs of material and labour along with a change in sales mix and research and development costs.

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