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Secura sinks into the red, posting $45,000 loss in 2Q

Samantha Chiew
Samantha Chiew • 2 min read
Secura sinks into the red, posting $45,000 loss in 2Q
SINGAPORE (Aug 2): Secura posted a 2Q17 loss of $45,000, compared to $57,000 earnings last year. This was mainly due to an increase in distribution and selling expenses and administrative expenses.
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SINGAPORE (Aug 2): Secura posted a 2Q17 loss of $45,000, compared to $57,000 earnings last year. This was mainly due to an increase in distribution and selling expenses and administrative expenses.

However, group revenue increased 23.1% in 2Q17 to $10.7 million, from $8.7 million a year ago.

The increase was mainly attributed to the increase in revenue of $0.54 million from the security guarding segment as a result of more contracts and increase in average selling price, increase in revenue of $0.80 million from the cyber-security segment mainly due to the acquisition of RSPL and increase in revenue of $0.97 million from the systems integration and homeland security segment.

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