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Starburst swings back into the black with FY17 earnings of $0.1 mil

Michelle Zhu
Michelle Zhu • 2 min read
Starburst swings back into the black with FY17 earnings of $0.1 mil
SINGAPORE (Mar 1): Starburst Holdings, the firearms-training facilities provider, swung back into profitability in FY17 with earnings of $0.1 million compared to a loss of $11.7 million in FY16.
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SINGAPORE (Mar 1): Starburst Holdings, the firearms-training facilities provider, swung back into profitability in FY17 with earnings of $0.1 million compared to a loss of $11.7 million in FY16.

This was due to improved margins and a significant decline in project and production costs.

Revenue declined 13.3% to $15.9 million in FY17 from $18.3 million in FY16, due to the lower contributions from projects undertaken in the full year under review.

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