SUBSCRIBERS
Koda full-year profit more than doubles
Published Tue, Aug 29, 2017 · 09:50 PM
Singapore
FURNITURE maker Koda Ltd posted on Tuesday a more than doubling in full-year earnings on the back of higher revenue and higher gross margins and despite a fall in other income.
Net profit for the 12 months ended June 30, 2017, shot up 147 per cent to US$4.05 million from US$1.64 million. This was propelled by improved efficiencies in ODM (original-design manufacturing) and expansion of its retail brand Commune.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Emerging-market optimism dashed by Fed as currencies, bonds sink
LHN warns H1 2024 net profit could decline by 28.6%
iPhone maker Hon Hai’s April sales rise 19% in positive signal
Worsening weather is igniting a US$25 billion market
TikTok tells advertisers: ‘We are not backing down’
EV automakers get reprieve in US tax credit rules