This comes as a result of its customers gaining greater accessibility to the group’s products and parts, as more dealers and sub-dealers joined its distribution network upon the opening of more of its service centres and branch operations, says USP in its regulatory filing on Tuesday.
SINGAPORE (Nov 14): USP Group reported a loss of $0.5 million for 2Q18, sinking into the red from its earnings of $0.2 million a year ago on higher expenses.
Revenue for the quarter grew 32% to $11.9 million compared to $9 million previously on higher contributions from Supratechnic Group and its subsidiaries, which USP says reflects greater product acceptance by consumers in Indonesia and East Malaysia, its new markets.
