In line with the higher revenue and also due to an increase in raw material prices, cost of sales grew by 22% to $80.8 million from $66.1 million in FY16.
SINGAPORE (Feb 26): AP Oil International announced 31% lower FY17 earnings of $2.4 million compared to $3.5 million in FY16 on lower margins and foreign exchange (forex) losses incurred.
Revenue for the full year grew 16% to $92 million from $79.1 million a year ago due to increased trading in manufacturing volume.
