Corporate digest

Challenger Technologies

CHALLENGER Technologies on Monday posted a 5 per cent drop in its third-quarter net profit to S$4.3 million, on the back of flat revenue of S$83.3 million, which rose just one per cent from a year ago.

The consumer electronics retailer said the slight increase in revenue was mostly driven by improved performance from its IT products and services segment, which saw revenue rise 1.1 per cent to S$81.8 million from higher revenue contribution from trade shows and corporate sales. This was partially offset by lower contribution from retail sales.