SINGAPORE (Nov 14): YuuZoo Networks Group, formerly known as YuuZoo Corporation, reported 3Q18 earnings of $4.57 million, compared to a loss of $7.24 million in 3Q17.

This brings 9M18 earnings to $1.12 million, compared to a loss of $22.0 million in 9M17.

Revenue for the quarter surged almost eightfold to $4.21 million from $0.53 million a year ago, mainly contributed by the logistic service revenue generated by YuuLogistic France and the platform sales generated by the subsidiary incorporated in Thailand.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Related Stories

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook