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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.
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