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Soon Lian swings back into the black in FY17

PC Lee
PC Lee • 1 min read
Soon Lian swings back into the black in FY17
SINGAPORE (Feb 12): Soon Lian Holdings, the supplier of aluminium alloy products, reported earnings of $1.6 million in FY17 compared to a loss of $2.4 million in FY16.
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SINGAPORE (Feb 12): Soon Lian Holdings, the supplier of aluminium alloy products, reported earnings of $1.6 million in FY17 compared to a loss of $2.4 million in FY16.

Group revenue increased by 12.3% to $38.4 million in FY17 from $34.2 million. This was mainly due to the overall increase in sales across all segments.

Sales to customers in the precision engineering industry increased by $2.0 million. Sales to customers in the marine industry increased by $2.0 million. Sales to the stockists and traders increased by $0.1 million.

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