Sysma half-year earnings surge over nine-fold on lower cost of sales

SINGAPORE (March 9): Sysma Holdings posted earnings of $4.8 million for the six months ended Jan 31, more than a nine-fold increase from earnings of $0.5 million in the same period a year ago.

This was mainly due to lower cost of sales, which was almost halved to $32.5 million compared to $64.0 million a year ago, as a result of lower property development segment revenue.