Courts Asia in the red for Q4, dragged down by Malaysian business

Singapore

MAINBOARD-LISTED Courts Asia announced on Wednesday that it made a net loss of S$3.02 million for its fourth quarter ended March 31, 2018 on the back of poor business performance in Malaysia, reversing from a profit of S$3.99 million a year ago.

Revenue for the quarter dipped 9.5 per cent to S$163.3 million, while loss per share stood at 0.59 Singapore cent, compared with earnings per share of 0.78 Singapore cent a year ago.