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.