However, material costs increased 24.7% to $25.1 million in 1Q17.
SINGAPORE (May 8): Jeweller Soo Kee Group posted a 46.3% fall in 1Q17 earnings to $1.4 million from a year ago due to higher material costs.
Revenue came in 11.3% higher at $40.8 million mainly from sales of bullion by the group’s subsidiary, SK Bullion, which contributed $6.9 million to the group’s total revenue.
