Design Studio's Q1 earnings make a near triple jump to $2.1m
Higher profit comes in spite of a decline in revenue
Fri, May 09, 2014 - 6:00 AM
DESIGN Studio's first-quarter net profit almost trebled despite a fall in revenue.
Net profit for the three months ended March 31, 2014, was $2.1 million, up from $716,000 a year ago, owing to higher margins and lower marketing and distribution expenses, the furniture manufacturer said...