Cost of sales however rose 17.3% y-o-y to US$39.6 million, mainly due to higher costs of material and labour along with a change in sales mix and research and development costs.
SINGAPORE (Aug 29): Furniture manufacturer Koda reported FY19 earnings of US$5.3 million ($7.4 million), down 1.9% compared to US$5.4 million in FY18.
This was despite a 10.5% increase in revenue to US$57.9 million from US$52.4 million last year, led by higher export sales to the group’s key markets.
