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Soon Lian reverses out of the red in HY2017

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Soon Lian reverses out of the red in HY2017
SINGAPORE (Aug 10): Soon Lian Holdings has reversed out of the red with earnings of $33,000 for the half year ended June, compared to a net loss of $953,000 a year ago.
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SINGAPORE (Aug 10): Soon Lian Holdings has reversed out of the red with earnings of $33,000 for the half year ended June, compared to a net loss of $953,000 a year ago.

Revenue grew 24.2% to $20.9 million in HY2017, from $16.8 million a year ago, on the back of an overall increase in sales across all segments.

Sales to customers in the precision engineering and marine industries increased by $2.8 million and $0.7 million, respectively, while sales to stockists and traders increased by $0.6 million in HY2017.

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