You are here

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.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom