Courts Asia's Q4 net profit down 16.4% at S$6.6m

Singapore

COURTS Asia's net profit for the fourth quarter fell 16.4 per cent, from S$7.8 million to S$6.6 million on the back of revenue dipping 7 per cent from S$207 million to S$192.5 million.

For the full year, net profit dropped 38.7 per cent from S$28.3 million to S$17.4 million while revenue slipped 8.6 per cent from S$830.3 million to S$758.5 million.