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Sysma posts 9.7% fall in HY18 earnings to $4.3 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Sysma posts 9.7% fall in HY18 earnings to $4.3 mil
SINGAPORE (Mar 8): Sysma Holdings saw its earnings fall 9.7% to $4.3 million for the half-year ended January, from $4.8 million a year ago.
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SINGAPORE (Mar 8): Sysma Holdings saw its earnings fall 9.7% to $4.3 million for the half-year ended January, from $4.8 million a year ago.

The decline came despite a 47.2% rise in revenue to $59.7 million during the half-year period, from $40.5 million a year ago.

The increase in revenue was mainly attributed to higher contribution of $39.6 million in HY18 from property development project Charlton 18, with the properties having been substantially sold, compared to $6.2 million a year ago.

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