SINGAPORE (Nov 17): SUTL Enterprise, the operator and owner of ONE°15 Marina Club in Sentosa, posted 3Q16 earnings of $0.5 million, compared to a loss of $1.2 million a year ago.
The improvement was largely attributable to the divestment of the group’s legacy IT peripherals distribution business, following the disposal of its 51% remaining stake in Achieva Technology in January.
Excluding net attributable loss from discontinued operations in Achieva in the previous year, SUTL Enterprise says net attributable profit would have risen 8% in 3Q16, in line with the increase in total revenue to $6.4 million.
For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
