This was however offset in part by a decline in revenue from Malaysia, due to lower sales of good and earned service charge income, while Indonesia revenue increased slightly by 1.8% in Rupiah currency terms due to contributions from newly-opened stores.
SINGAPORE (Feb 13): Courts Asia, the electrical, furnishing and consumer electronics retailer, announced earnings of $3.5 million for the third quarter of FY17, down 28.7% from its net profit of $4.9 million a year ago on lower gross profit margin and higher administrative expense.
Revenue for the quarter grew by 0.6% to $186.8 million from $185.6 million a year ago, mainly due to higher revenue contributions from Singapore due to the re-launch of its online platform and the re-opening of Courts Megastore at Tampines in Nov 2017.
