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LY Corp sinks to 1Q losses of $0.9 mil on one-off IPO expenses

Stanislaus Jude Chan
Stanislaus Jude Chan5/11/2018 07:27 PM GMT+08  • 2 min read
LY Corp sinks to 1Q losses of $0.9 mil on one-off IPO expenses
SINGAPORE (May 11): LY Corporation, the Malaysian-based manufacturer and exporter of wooden bedroom furniture, has posted losses of 2.8 million ringgit ($0.9 million) for the 1Q ended March, compared to earnings of 10.4 million ringgit a year ago.
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SINGAPORE (May 11): LY Corporation, the Malaysian-based manufacturer and exporter of wooden bedroom furniture, has posted losses of 2.8 million ringgit ($0.9 million) for the 1Q ended March, compared to earnings of 10.4 million ringgit a year ago.

This was mainly due to one-off initial public offering (IPO) expenses of 6.8 million ringgit.

1Q18 revenue edged up by 1.8% to 85.1 million ringgit, from 83.6 million ringgit a year ago.

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