Courts Asia's Q2 profit plunges 55%; sales up 3.3%

RETAILER Courts Asia's net profit plunged 55 per cent year on year to $7.16 million for the second quarter ended Sept 30.

Revenue climbed 3.3 per cent to $222.9 million on higher sales in Singapore, which accounts for 70 per cent of the group's sales. However, sales in Malaysia were down 11 per cent, hurt by poorer …