Courts Asia profit more than triples
But FY17 revenue dips due to lower sales in Singapore, Malaysia
Add BT as a preferred source
Singapore
AMID a challenging retail environment in all its operating markets, mainboard-listed Courts Asia Limited reported on Wednesday a 247.6 per cent surge in full-year net profit to S$23.7 million .
For the year ended March 31, 2017, earnings per share came to 4.59 Singapore cents, up from a restated 1.29 cents for the previous year. Courts said that it has applied the new FRS 115 accounting standard issued by the Accounting Standards Council in its FY16/17 financial statements.
TRENDING NOW
Singapore data centre Reits chase Japan deals as power crunch raises stakes
Canada’s fight with the US has far bigger stakes than trade
Hell hath no fury like a man scorned: CEO’s S$468,000 suit against ex fails after relationship sours
Nike, Lululemon, Shein woes: A silver lining in Singapore’s lack of listed consumer brands
