Group revenue 4Q17 increased marginally to $6.5 million from $6.3 million in 4Q16, lifted primarily by higher ASP of steel products.
SINGAPORE (Feb 6): Asia Enterprises, the distributor of steel products to industrial users, reported 4Q17 earnings climbed 41% to $1 million from $0.7 million in 4Q16.
For FY17, the group posted lower earnings of $1.4 million compared to $2.3 million in FY16 due to depreciation charges which rose by $1.8 million following the completion of a warehouse redevelopment at the end of FY16.
