Accrelist FY17 losses halved to US$3.1 mil on lower expenses

SINGAPORE (May 31): Accrelist, formerly known as WE Holdings, says losses for the FY17 ended March narrowed by 51% to US$3.1 million ($4.3 million) from US$6.5 million a year ago.

Revenue fell 77% to US$627,000 mainly due to weak demand in the products and commodities of the group.

However, marketing and distribution, administration and finance expenses plus share of loss of associated company fell by more than half to US$3.7 million from a year ago.  

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