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Sakae returns to profitability in FY17 on reduced expenses

Michelle Zhu
Michelle Zhu2/15/2018 07:19 AM GMT+08  • 2 min read
Sakae returns to profitability in FY17 on reduced expenses
SINGAPORE (Feb 15): Sakae Holdings concluded FY17 with $1.1 million in earnings, reversing from its losses of $12.6 million in FY16 on reduced expenses.
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SINGAPORE (Feb 15): Sakae Holdings concluded FY17 with $1.1 million in earnings, reversing from its losses of $12.6 million in FY16 on reduced expenses.

For the 4Q ended Dec 2017, the group reported earnings of $0.1 million compared to the $5.3 million loss posted in 4Q16, boosted by a new stream of revenue from commodities trading of $3 million.

In all, revenue for the full year fell 20.3% to $68.9 million from $86.4 million a year ago.

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