Thursday 28 Mar 2024
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SINGAPORE (Nov 9): Courts Asia has reported a net profit of S$1.5 million for 2Q FY17/18, down 74.7% from its net profit of S$5.98 million a year ago on lower profit margins in Singapore.

Revenue for the quarter fell 1.4% to S$176.5 million compared to a year ago from lower revenue contributions from Malaysia, which decreased 19.7% in Singapore currency terms due to the lower sales of goods and earned service charge income.

The lower contribution from Malaysia was partially offset by higher revenue from Singapore and Indonesia, which grew due to higher sales of goods and contributions from newly-opened stores, respectively... (Click here to read the full story.)

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