Chasen Q1 net profit soars to S$1.6 million amid recovery from Covid-19 impact

Singapore

LOGISTICS firm Chasen Holdings' net profit after tax rose to S$1.6 million for the first quarter ended June 30, more than six times the S$257,000 profit in the year-ago period, lifted by a recovery from initial Covid-19 disruptions to its business last year.

In a quarterly business update on Tuesday, Chasen said its Q1 FY2022 results were also boosted by the resumption of projects and new contract wins.