Courts' Q4 net profit falls 36%

Singapore

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 12-month basis, Courts saw a 17 per cent increase in net profit to S$20.8 million, despite minimal growth in revenue.

This was mainly driven by lower operating expenses that result…