Growth in revenue from business advisory services under ZICO (Labuan) LLP in Malaysian and Asean Advisory Pte Ltd in Singapore also lifted revenue contributions under this segment.
SINGAPORE (May 15): ZICO Holdings, the integrated network of professional service firms, announced 1Q17 earnings of RM1.8 million ($0.6 million), reversing from the RM2.7 million loss it reported a year ago.
Revenue for the quarter grew 10.7% to RM16.7 million from RM15.1 million a year ago, driven by a 28.9% increase in contributions from its advisory & transactional services (ATS) segment to RM10.7 million from RM8.3 million previously on additional contributions from advisory service on corporate finance under ZICO Capital.
