Chuan Hup 2017 profit jumps in absence of impairment loss

Singapore

INVESTMENT company Chuan Hup Holdings on Monday reported a 74.3 per cent jump in net profit for its fiscal 2017, helped by higher revenue and the absence of an impairment loss from a year ago.

Net profit for the 12 months ended June 30, 2017 stood at US$17.9 million, up from US$10.3 million a year ago. This translated to earnings per share of 1.93 US cents, up from 1.11 US cents.