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ISOTeam posts 55% higher 1Q earnings of $1.5 mil

Michelle Zhu
Michelle Zhu • 2 min read
ISOTeam posts 55% higher 1Q earnings of $1.5 mil
SINGAPORE (Nov 10): ISOTeam, the repairs, maintenance and estate upgrading service provider, has posted earnings of $1.5 million for the first quarter ended Sept, up 54.6% from its earnings of $1 million in 1Q17 on higher revenue.
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SINGAPORE (Nov 10): ISOTeam, the repairs, maintenance and estate upgrading service provider, has posted earnings of $1.5 million for the first quarter ended Sept, up 54.6% from its earnings of $1 million in 1Q17 on higher revenue.

Group revenue for 1Q18 grew 20.9% to $25.1 million from $20.8 million previously on higher contributions from its Repairs & Redecoration (R&R), Addition & Alteration (A&A), and Others business segments, offset in part by lower contributions from Coating & Painting (C&P).

However, gross profit fell 5% to $4.4 million from $4.7 million in the previous year due to lower margin contributed by R&R and Others business segments over the quarter.

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