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SUTL posts 17% drop in 4Q earnings to $3.64 mil on higher expenses, lower fees

Samantha Chiew
Samantha Chiew • 2 min read
SUTL posts 17% drop in 4Q earnings to $3.64 mil on higher expenses, lower fees
SINGAPORE (Feb 21): SUTL Enterprise, the developer and operator of marinas, announced that its 4Q18 earnings have dropped by 17% to $3.64 million, compared to $4.40 million in 4Q17.
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SINGAPORE (Feb 21): SUTL Enterprise, the developer and operator of marinas, announced that its 4Q18 earnings have dropped by 17% to $3.64 million, compared to $4.40 million in 4Q17.

This brings FY18 earnings to $5.80 million, 14% lower than $6.75 million in FY17.

The group’s total income was 1% higher at $11.44 million from $11.35 million last year, mainly attributable to a 3% y-o-y increase in sales of goods and services to $5.18 million and a 41% increase in other income to $0.98 million.

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