However, due to lower margins on sales for certain projects under the Trading business segment also led to a decline in gross profit margin to 17.1% in FY17 from 19.9% the year before.
SINGAPORE (Feb 26): Federal International (2000) reported a 68.9% decline in 4Q earnings to $1.1 million from $3.7 million a year ago on lower other income. This brings the group’s earnings for the full year to $4.2 million, down 41.7% from $7.3 million in FY16 due to lower margins.
Revenue for the full year grew 45.2% to $130 million compared to $89.5 million on the back of higher revenue contributions from the group’s Trading business segment.
