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Sysma’s FY16 earnings slump 36% on lower margins

Gwyneth Yeo
Gwyneth Yeo9/21/2016 07:58 PM GMT+08  • 1 min read
Sysma’s FY16 earnings slump 36% on lower margins
SINGAPORE (Sept 21): Sysma Holdings posted a 35.7% earnings decline to $1.7 million for FY16 on lower margins. A year ago earnings came in at $2.6 million.
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SINGAPORE (Sept 21): Sysma Holdings posted a 35.7% earnings decline to $1.7 million for FY16 on lower margins. A year ago earnings came in at $2.6 million.

Revenue for the 12 months to July rose 28.3% to $126.2 million compared to $98.4 million in FY15, thanks to development projects like 28 RC Suite, 8M Residence and Charlton 18. The segment contributed $72.2 million in revenue during the year, compared to $42.9 million a year ago.

Revenue from its construction projects segment came in $1.5 million lower at $54 million.

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