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Multi-Chem's 1Q earnings up 81% to $2.8 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Multi-Chem's 1Q earnings up 81% to $2.8 mil on higher revenue
SINGAPORE (Apr 26): Multi-Chem saw its earnings jump 81% to $2.8 million for the 1Q ended March, from $1.5 million a year ago.
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SINGAPORE (Apr 26): Multi-Chem saw its earnings jump 81% to $2.8 million for the 1Q ended March, from $1.5 million a year ago.

1Q18 revenue rose 15% to $112.4 million, from $97.7 million a year ago.

Revenue from the group’s IT division, which accounted for 98% of group revenue in 1Q18, grew 19.7% to $110.2 million on the back of certain big deals closed during the quarter.

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