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Neo Group posts 46.2% fall in FY17 earnings to $3.3 mil

Michelle Zhu
Michelle Zhu5/25/2017 8:17 AM GMT+08  • 2 min read
Neo Group posts 46.2% fall in FY17 earnings to $3.3 mil
SINGAPORE (May 25): Neo Group reported $3.3 million in earnings for FY17, down 46% from the previous financial year.
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SINGAPORE (May 25): Neo Group reported $3.3 million in earnings for FY17, down 46% from the previous financial year.

The bottomline was dragged down by a loss before income tax of $5.8 million from the supplies and trading business segment.

Other income also decreased 31.6% to $4.4 million in the absence of a one-off provisional gain from bargain purchase on acquisition of $3.5 million in FY16.

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