Procurri eyes turnaround in 2018 with changed profile

Singapore

IT expects to make a net loss for 2017 but 2018 will be the year when Procurri's heavy investments into the enterprise hardware lifecycle services business start to ring in profit, chairman and global chief executive Sean Murphy said on Tuesday.

"We're not quite out of the woods yet but the reality is that our company's profile is changing and the margins are so high," Mr Murphy told reporters during a visit to Singapore. He is based in Georgia, USA.

Procurri had a S$21.9 million order book as at Sept 30 last year, up from S$20.2 million as at June 30. Late last year, it won a seven-digit maintenance contract from…