Challenger's Q1 net profit up 2% to S$3.76m

Singapore

CHALLENGER Technologies' net profit inched up 2 per cent year-on-year to S$3.76 million for the first quarter ended March 31, 2016, as revenue rose 8 per cent to S$90.39 million.

Revenue from its IT products and services business segment increased 7.6 per cent to S$88.9 million - primarily due to contributions from corporate sales and trade shows in Singapore.