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Courts' Q4 net profit falls 36%

MR O'CONNOR: Says Courts' cost savings initiatives have put the company in a strong position for its new financial year


NET profit at furniture and electronics retailer Courts Asia fell 36 per cent to S$4.2 million in its fourth quarter ended March 31, 2016, dragged down by a fall in revenue.

Revenue in the quarter fell to S$181.3 million, down 6 per cent year-on-year.

However, on a