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Koda FY17 earnings more than double to US$4.1 mil

PC Lee
PC Lee • 2 min read
Koda FY17 earnings more than double to US$4.1 mil
SINGAPORE (Aug 29): Home furniture exporter Koda reported earnings for FY17 more than doubled to US$4.1 million ($5.5 million) from US$1.6 million in FY16.
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SINGAPORE (Aug 29): Home furniture exporter Koda reported earnings for FY17 more than doubled to US$4.1 million ($5.5 million) from US$1.6 million in FY16.

The bottomline was boosted by improved efficiencies in Original Design Manufacturing (ODM) and expansion of its retail brand, Commune.

Revenue grew 33.4% to US$49.5 million in FY17 from US$37.1 million in FY16, as its key markets received strong export orders.

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