Courts Asia sinks into the red in 1Q on lower revenue

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SINGAPORE (Aug 13): Courts Asia sank into the red with a net loss of S$2.2 million for the 1Q ended June, compared to earnings of S$6.1 million a year ago.

1Q18/19 revenue slipped 3.6% to S$179.8 million, from S$186.6 million a year ago.

The decline was due to a 20.6% drop in Malaysia revenue during the quarter, mainly due to lower earned service charge income. Malaysia revenue accounted for 25.6% of group revenue in 1Q18/19... (Click here to read the full story)