In Malaysia, Hari Raya sales fell short of expectations as a result of weak consumer spending. In addition, the credit collection environment in the country remains challenging given the slower economy
SINGAPORE (Aug 11): Courts Asia, the retailer of electrical, IT and furniture products, announced a 1QFY17/18 net profit of $6.1 million for the quarter, down 31.6% from the $8.8 million it posted a year ago on lower revenue and higher expenses.
Revenue for the quarter fell 4.5% to $186.6 million from $195.3 million in the previous year due to lower contributions from Singapore on the back of lower sales of goods and earned service charge income.
