Chasen Holdings back in the black with Q4 net of $2.09 million

Singapore

CHASEN Holdings has posted a net profit of $2.09 million for its fourth quarter ended March 31. The profit attributable to equity-holders - compared with a net loss of $7.4 million a year earlier - came on the back of a 46 per cent rise in Q4 revenue to $26.5 million.

The year-ago Q4 loss stemmed from a write-off following an arbitration in a unit, which resulted in other operating expenses of $8.5 million. For Q4 FY2014, other operating expenses were $1.6 million.