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Jackspeed's net profit grows four-fold to S$2.3m

Jackspeed Corporation on Wednesday posted a more than four-fold increase in net profit to S$2.3 million for its full year ended Feb 28, 2015.

The leather and car accessories distributor's revenue rose 17.8 per cent to S$40.1 million.

Earnings per share rose to 0.92 Singapore cents for the fiscal year, from 0.22 cents a year ago.

"In FY2015, the group has achieved significant improvement in the financial results, mainly due to the contributions from the accessories and automotive segments. Going forward, the group will continue its efforts in developing the existing markets, managing costs and exploring business opportunities," it said.