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New Silkroutes swings back into the black with 3Q earnings of $0.11 mil

Samantha Chiew
Samantha Chiew • 1 min read
New Silkroutes swings back into the black with 3Q earnings of $0.11 mil
SINGAPORE (May 10): New Silkroutes Group (NSG) has recorded earnings of US$0.08 million ($0.11 million) in 3Q18 compared to a loss of US$0.29 million in 3Q17.
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SINGAPORE (May 10): New Silkroutes Group (NSG) has recorded earnings of US$0.08 million ($0.11 million) in 3Q18 compared to a loss of US$0.29 million in 3Q17.

Revenue for the quarter saw a 31% jump to US$164.4 million from US$125.4 million a year ago, mainly due to the increase in the oil trades, and contribution from the group’s newly acquired healthcare subsidiaries.

Purchases of finished goods also increased by 28% to US$160.3 million compared to US$124.9 million last year.

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