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SUTL Enterprise reports 2% higher 4Q earnings of $2 mil on lower expenses

Michelle Zhu
Michelle Zhu2/26/2018 01:20 PM GMT+08  • 2 min read
SUTL Enterprise reports 2% higher 4Q earnings of $2 mil on lower expenses
SINGAPORE (Feb 26): SUTL Enterprise today reported a 2% rise in earnings to $2 million from $1.97 million a year ago on lower expenses.
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SINGAPORE (Feb 26): SUTL Enterprise today reported a 2% rise in earnings to $2 million from $1.97 million a year ago on lower expenses.

Revenue fell 6% in 4Q to $7.5 million from $8.1 million a year ago, driven by lower sales of goods and services as well as a 42% decline in other income due to the absence of write-back of payables in 4Q16.

These were however offset in part by increased revenue contribution from the membership-related fees and management fees segment, which grew 15% to $1.9 million from $1.6 million previously on the back of more memberships sold, and an increase in management fee income.

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