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USP Group swings back to profitability; posts 3Q earnings of $0.8 mil

Samantha Chiew
Samantha Chiew • 2 min read
USP Group swings back to profitability; posts 3Q earnings of $0.8 mil
SINGAPORE (Feb 9): USP Group swung back to profitability in 3Q18, posting earnings of $0.8 million, compared to a loss of $2.73 million in 3Q17.
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SINGAPORE (Feb 9): USP Group swung back to profitability in 3Q18, posting earnings of $0.8 million, compared to a loss of $2.73 million in 3Q17.

Revenue for the period was $9.59 million, 11.4% more than $8.61 million recorded in the previous year, primarily boosted by contribution from Supratechnic Group, especially in its new markets in East Malaysia and Indonesia, but partially offset by a dip in the oil segment.

Cost of sales also increased by 25.3% to $6.18 million, from $4.93 million last year.

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