This led to a 17.2% rise in gross profit to $11.3 million in FY17, from $9.6 million a year ago.
SINGAPORE (Feb 28): Far East Group crawled out of the red with full-year earnings of $0.4 million for the FY17 ended December, compared to losses of $1.2 million posted a year ago.
This was mainly due to a 5.8 percentage point increase in gross profit margin to 30.4% for FY17, on the back of write-back of stocks provision during the year.
