The decline was due to a 20.6% drop in Malaysia revenue during the quarter, mainly due to lower earned service charge income. Malaysia revenue accounted for 25.6% of group revenue in 1Q18/19.
SINGAPORE (Aug 13): Courts Asia sank into the red with a net loss of $2.2 million for the 1Q ended June, compared to earnings of $6.1 million a year ago.
1Q18/19 revenue slipped 3.6% to $179.8 million, from $186.6 million a year ago.
