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Sapphire's rail acquisition puts turnaround on track

FY2015 profit jumps to S$6.5m from S$138,000 the year before
Saturday, February 27, 2016 - 05:50

TAKING UP THE CHALLENGE: Mr Teh took over the reins of Sapphire in October 2013 when the firm was en route to its third straight year of losses and on the brink of joining Singapore Exchange's dire 'watch list'.


A BOUT of losses and a "drastic" sale of its sagging core steel business later, Sapphire Corp is starting to show some pizzazz as it rides on China's urban rail boom following a glint-inducing 360 million yuan (S$77 million) acquisition of Ranken Infrastructure five months ago

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