Stratech Group's FY2015 earnings down 49.9%

Singapore

STRATECH Group's net profit for FY2015 fell 49.9 per cent from S$1.5 million to S$732,000 despite revenue rising 48.29 per cent, from S$11.1 million to S$16.5 million.

This was largely due to higher non-recurring administrative expenses, which increased from S$4.5 million in FY2014 to S$5.7 million in FY2015. This was mainly attributed to professional fees, including, among others, the one-off fees and related costs in relation to the recently concluded group restructuring exercise amounting to about S$0.60 million and staff costs of S$0.32 million in line with higher level of business activities during the year.