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Soo Kee Group reports 49.5% rise in 2Q earnings

Samantha Chiew
Samantha Chiew8/4/2017 06:37 PM GMT+08  • 1 min read
Soo Kee Group reports 49.5% rise in 2Q earnings
SINGAPORE (Aug 4): Jeweller Soo Kee posted a 49.5% rise in earnings of $0.83 million in 2Q17 compared to $0.55 million in 2Q16.
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SINGAPORE (Aug 4): Jeweller Soo Kee posted a 49.5% rise in earnings of $0.83 million in 2Q17 compared to $0.55 million in 2Q16.

This came on the back of a 7.6% rise in revenue to $38.3 million, mainly due to higher sales by the group’s subsidiary, SK Bullion, of $12.48 million 1H17.

Material costs increased 15.4% to $24.3 million from $21 million.

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