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Challenger 1Q earnings fall 15% to $3.2 mil on lower revenue

Jude Chan
Jude Chan • 2 min read
Challenger 1Q earnings fall 15% to $3.2 mil on lower revenue
SINGAPORE (May 9): Challenger Technologies posted a 15% decline in earnings to $3.2 million for the first quarter ended March, from $3.8 million a year ago, on the back of lower revenue.
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SINGAPORE (May 9): Challenger Technologies posted a 15% decline in earnings to $3.2 million for the first quarter ended March, from $3.8 million a year ago, on the back of lower revenue.

Revenue in 1Q17 fell 15% to $76.5 million, compared to $90.4 million in the corresponding quarter last year.

This was primarily due to weaker performance from retail operations, as well as lower revenue contribution from its corporate sales and tradeshow division.

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