YuuZoo Q1 net profit nearly trebles on stronger revenue

E-COMMERCE company YuuZoo Corporation on Thursday said net profit in the first quarter jumped from a year ago on stronger revenue.

Net profit for the three months ended March 31, 2016, stood at S$12.8 million, compared with S$4.3 million a year ago.

Revenue surged to S$45 million from S$13.1 million, on stronger e-commerce revenue and franchise sales.