ISOTeam's FY16 net profit climbs 13.6%
Singapore
STRONGLY performing new business lines gave a fillip to earnings for ISOTeam Limited in its 2016 financial year. Net profit climbed 13.6 per cent to S$9.2 million from the year-ago period, the group said in a Singapore Exchange filing on Wednesday evening.
For the 12 months ended June 30, revenue jumped 15.3 per cent to S$94.1 million from the preceding year, as a rise in contribution from its addition and alternation business, plus its new coating and painting segment, helped to cushion a fall in its core repairs and redecoration division, it said.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Chinese share of French EV market slumps after incentives curbed
ARA H-Trust Q1 net property income up marginally to US$6.4 million
HSBC has no plans to dispose of further businesses, chairman says
JPMorgan unveils IndexGPT in next Wall Street bid to tap AI boom
Morgan Stanley, Frasers settle UK lawsuit over US$1 billion margin call
Venture posts lower Q1 net profit of S$60.1 million on weaker demand