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.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains
S-Reits falter as investors weigh possibility of zero rate cuts in 2024
CapitaLand Investment posts total revenue of S$650 million for Q1
Europe: Stoxx 600 logs best day in three months as banks shine
US: Stocks rally after strong tech results
Porsche posts Q1 profit drop on ramp-up costs