Courts Asia profit more than triples
But FY17 revenue dips due to lower sales in Singapore, Malaysia
Singapore
AMID a challenging retail environment in all its operating markets, mainboard-listed Courts Asia Limited reported on Wednesday a 247.6 per cent surge in full-year net profit to S$23.7 million .
For the year ended March 31, 2017, earnings per share came to 4.59 Singapore cents, up from a restated 1.29 cents for the previous year. Courts said that it has applied the new FRS 115 accounting standard issued by the Accounting Standards Council in its FY16/17 financial statements.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS hires chief of Ping An’s tech group to fix outage issues
Uber forecasts gross bookings for second quarter below expectations
Olam tops Louis Dreyfus’ offer for Australia’s Namoi Cotton as takeover battle heats up
Banks slip on Wednesday as STI falls 1.1%
Indian billionaire Birla said to mull US$1.2 billion in Novelis IPO
Apple’s China iPhone shipments soar 12% in March after discounts