Intraco goes into the red with S$949,000 loss for 2014

TRADING company Intraco Limited reported a net loss of S$949,000 for its full year ended Dec 31, 2014, compared to a net profit of S$1.1 million in 2013.

Revenue was up 18.2 per cent to S$151.2 million, from S$127.9 million in 2013.

No dividend was declared.

The company said that its recent acquisition of homegrown fire-protection specialist KA Group has "already shown encouraging results and proven itself a sound investment".

This will lead to a better performance in 2015, said managing director and CEO Foo Der Rong.

Intraco traded unchanged at 32 Singapore cents a share before the results were out.

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