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A-Smart Holdings, the former Xpress Holdings, swings back to profitability in 2Q

PC Lee
PC Lee3/17/2017 07:36 AM GMT+08  • 2 min read
A-Smart Holdings, the former Xpress Holdings, swings back to profitability in 2Q
SINGAPORE (March 17): A-Smart Holdings, the company formerly known Xpress Holdings, turned in a net profit of $27,000 in 2Q17 compared to a $9 million loss in 2Q16, following the disposal of loss-making subsidiaries.
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SINGAPORE (March 17): A-Smart Holdings, the company formerly known Xpress Holdings, turned in a net profit of $27,000 in 2Q17 compared to a $9 million loss in 2Q16, following the disposal of loss-making subsidiaries.

Besides providing a full spectrum of integrated print solutions, the group has expanded its business to include a smart technology unit, an investment business unit, and a media and events management arm.

In a filing on Thursday night, A-Smart says 2Q revenue dipped 7.8% to $2.11 million from Q2FY16. Its printing segment accounted for $2.0 million while the new media and events unit made a maiden net contribution of $0.1 million to the group’s revenue.

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