Without these doubtful receivables, ISOTeam says in a SGX filing on Monday that the group’s operational net profit in HY17 would have been 8.9% higher.
SINGAPORE (Feb 13): ISOTeam posted a 4.8% decline in earnings of $4.1 million for HY17, from $4.3 million a year ago.
The lower earnings was mainly due to a reduction of claimable tax relief in the six months ended Dec 31, 2016, as well as allowance for doubtful receivables of $0.7 million pertaining to a customer that went into liquidation.
