SINGAPORE (May 15): Telechoice International posted a 67.6% fall in 1Q earnings to $387,000 from $1.2 million a year ago.
Revenue for the three months ended March fell 15.3% to $113.4 million.
Revenue from Personal Communications Solutions Services (PCS) decreased by 16% to $80.1 million in 1Q17 mainly due to lack of new phones sales. In 1Q16 sales of Samsung S7 and S7 Edge were recorded.
Revenue from the Info-Communications Technology Services (ICT) segment decreased by 31% to $17.9 million mainly due to lower spending by both commercial and public sector customers.
Revenue from Network Engineering Services rose 24% to $15.4 million.
Looking ahead, Telechoice expects operating performance for 2Q17 to be stronger than 1Q17. However, operating performance for the full year is expected to be lower than the preceding financial year.
Shares of Telechoice closed at 26 cents.
