The topline growth was however offset by an increase in overheads in the form of purchases and changes in inventories and direct service fees incurred. This was due to an increase in operator-driven manpower requirement/planning and related costs in operator products & services, as well as an enhanced focus on the group’s services-led business.
SINGAPORE (Oct 30): S i2i, the telecom and IT service provider formerly known as Spice i2i, saw 3Q ended Sept earnings decline more than fourfold to $114,000 from $464,000 in 3Q16 on higher overheads and lower other operating income.
Turnover for the quarter grew 14% to $90 million from $78.9 million a year ago as distribution of operator products and services in Indonesia continued to grow during 3Q17, together with revenue from ICT distribution and managed services.
