First Sponsor's Q1 earnings up 16.4%

Singapore

SALES in China helped to boost performance for First Sponsor Group, which announced on Thursday a 16.4 per cent increase in its first-quarter net profit.

First Sponsor posted net earnings of S$14.24 million for the three months ended March 31, 2017, up from Q1 2016's S$12.23 million. Earnings per share stood at 2.41 Singapore cents, compared with 2.07 Singapore cents the year before.