The lower contribution from Malaysia was partially offset by higher revenue from Singapore and Indonesia, which grew due to higher sales of goods and contributions from newly-opened stores, respectively.
SINGAPORE (Nov 9): Courts Asia has reported a net profit of $1.5 million for 2Q FY17/18, down 74.7% from its net profit of $5.98 million a year ago on lower profit margins in Singapore.
Revenue for the quarter fell 1.4% to $176.5 million compared to a year ago from lower revenue contributions from Malaysia, which decreased 19.7% in Singapore currency terms due to the lower sales of goods and earned service charge income.
