TrickleStar Limited reverses losses from IPO expenses, posts US$0.5 mil earnings for 1H20

Energy-saving appliance supplier TrickleStar Limited reversed its losses, posting earnings of US$506,711 ($696,733) for 1HFY2020 ended June 30, 2020.

The Catalist-listed company on the Singapore Exchange (SGX) cleared its losses of US$298,836 from this time last year, owing to some US$1.6 million in administrative expenses incurred then. Some US$1.2 million was incurred in net listing expenses during the company’s initial public offering on June 18, 2019. Administrative expenses decreased by 55.3% y-o-y US$0.75 million in 1HFY2020.