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Federal's Q1 profit surges to S$16m on higher sales

Prisca Ang

Published Wed, May 6, 2015 · 09:50 PM

Singapore

ENERGY equipment firm Federal International (2000) posted a 449.1 per cent year-on-year increase in net profit to S$16 million for the first quarter ended March 31, 2015.

This was on the back of revenue climbing 160.9 per cent to S$57.5 million, largely due to higher contribution from Federal's trading business, which contributed 98 per cent to total revenue.

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