Revenue for the quarter came in at $17.6 million, 18% higher than $14.9 million last year, as both the group’s business segments recorded higher business activities.
SINGAPORE (Nov 9): RHB is maintaining its “buy” call on Jadason Enterprises with a target price of 10 cents.
This came despite the group announcing 3Q17 earnings were down 19% to $1 million from 1.3 million last year, partially due to a writeback of allowance for inventory obsolescence of $0.4 million, which was included into cost of sales.
