Corporate digest
Epicentre Holdings
EPICENTRE Holdings, a retailer of Apple brand products, has posted a S$2.868 million net loss for the year ended June 30, 2015, slightly lower than the S$2.895 million net loss it posted in the previous year.
Revenue rose 3.6 per cent to S$178.50 million, largely contributed by the launch of the iPhone 6 in H1 2015, as well as the group's strategy of focusing on improving sales in existing markets. "The group maintained its sales growth although partially offset by the increase in price competition, closure of retail stores, downtime due to renovation of stores and generally poor retail sentiments," Epicentre said in its results statement over the weekend.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Foxconn’s musical chairs sound like punk rock
AI fuels cloud computing boom for tech giants
AMD slides after AI chip forecast misses lofty estimates
IBM wins reversal of US$1.6 billion poaching award to BMC
Binance founder Zhao Changpeng gets 4 months in prison
Singapore Airlines could post highest-ever earnings of about S$2.7 billion for FY2024, says analyst