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Advance SCT swings back to profitability in 3Q on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Advance SCT swings back to profitability in 3Q on higher revenue
SINGAPORE (Oct 19): Advance SCT posted earnings of $158,000 for the 3Q17 ended September, reversing out of a net loss of $340,000 in 3Q16 a year ago.
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SINGAPORE (Oct 19): Advance SCT posted earnings of $158,000 for the 3Q17 ended September, reversing out of a net loss of $340,000 in 3Q16 a year ago.

Revenue in 3Q17 grew 48% to $24.6 million, from $16.6 million a year ago.

For the first nine months of FY2017, Advance SCT saw its revenue more than double to $60.8 million. It has reported earnings of $1.3 million in 9M17, compared to a net loss of $2.6 million in the corresponding period last year.

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