Singapore (Apr 16): Professional services firm Zico Holdings believes it is starting to see the fruits of an earlier expansion phase. For FY2017 ended December, the company’s revenue increased 23% y-o-y to RM81.9 million ($27.7 million). Earnings climbed 35.3% y-o-y to RM6.9 million. The company’s net margin, which had declined in FY2016 as it increased its headcount, improved from 8% to 9%.

The improvement in margins is expected to continue, as business momentum picks up at new units. Zico Capital, which provides corporate finance and capital markets advisory, was officially launched in September 2016. It has worked on two IPOs. “Once you get busy, the same team can do another two, four IPOs,” says Zico managing director Chew Seng Kok in an interview with The Edge Singapore.

Chew: The SMEs that come to us feel very comfortable because we are one of them... When they tell us their concerns, we know, because we were there before

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