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Vicplas' FY17 earnings fall 40.4% to $3.2 mil

PC Lee
PC Lee9/22/2017 08:00 PM GMT+08  • 1 min read
Vicplas' FY17 earnings fall 40.4% to $3.2 mil
SINGAPORE (Sept 22): Vicplas International saw FY17 earnings ended July fall 40.4% to $3.2 million from $5.4 million a year ago.
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SINGAPORE (Sept 22): Vicplas International saw FY17 earnings ended July fall 40.4% to $3.2 million from $5.4 million a year ago.

Revenue for the 12 months ended July fell 16.3% to $63.7 million due to lower sales from both the medial devices segment and pipes and pipe fittings segment.

Revenue for the medical devices segment fell 23.9% to $24.9 million in FY17 from FY16 due to the substantial decrease in orders from its major customer.

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