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Advance SCT swings back to profitability in 1Q

Jude Chan
Jude Chan • 2 min read
Advance SCT swings back to profitability in 1Q
SINGPAPORE (April 26): Advance SCT has posted earnings of $125,000 for the first quarter ended March 2017, reversing out of a net loss of $1.3 million a year ago.
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SINGPAPORE (April 26): Advance SCT has posted earnings of $125,000 for the first quarter ended March 2017, reversing out of a net loss of $1.3 million a year ago.

Revenue surged to $21.3 million in 1Q17, from $1.4 million a year ago.

According to a filing to SGX on Wednesday, Advance SCT says turnover has improved steadily since the major restructuring in 1Q16.

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