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.