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USP Group claws back to profitability in FY18 on absence of one-off loss

Stanislaus Jude Chan
Stanislaus Jude Chan5/30/2018 05:40 PM GMT+08  • 2 min read
USP Group claws back to profitability in FY18 on absence of one-off loss
SINGAPORE (May 30): USP Group, formerly known as Unionmet (Singapore), reversed out of the red with earnings of $90,000 for the FY18 ended March, compared to losses of $5.6 million a year ago.
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SINGAPORE (May 30): USP Group, formerly known as Unionmet (Singapore), reversed out of the red with earnings of $90,000 for the FY18 ended March, compared to losses of $5.6 million a year ago.

This was mainly due to the absence of a one-off loss of $5.5 million for an exceptional item in FY17, compared to an exceptional gain of $0.4 million in FY18.

FY18 revenue grew 13.8% to $41.7 million, from $36.7 million a year ago.

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