These were however offset in part by increased revenue contribution from the membership-related fees and management fees segment, which grew 15% to $1.9 million from $1.6 million previously on the back of more memberships sold, and an increase in management fee income.
SINGAPORE (Feb 26): SUTL Enterprise today reported a 2% rise in earnings to $2 million from $1.97 million a year ago on lower expenses.
Revenue fell 6% in 4Q to $7.5 million from $8.1 million a year ago, driven by lower sales of goods and services as well as a 42% decline in other income due to the absence of write-back of payables in 4Q16.
