Best World Q1 net profit up 79% to S$10.3m

Singapore

BEST World International on Wednesday posted a 79 per cent jump in net profit for the first quarter to S$10.3 million from S$5.8 million a year ago, on strong sales growth across most of the group's markets.

Earnings per share for the three months to March 31 was 1.88 Singapore cents, compared with 1.05 cents in the first quarter of 2018, and revenue more than doubled to S$53.4 million from S$24.5 million previously.