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ZICO posts 27.1% fall in 1Q earnings to $0.36 mil

Samantha Chiew
Samantha Chiew • 2 min read
ZICO posts 27.1% fall in 1Q earnings to $0.36 mil
SINGAPORE (May 11): ZICO Holdings, an integrated provider of multidisciplinary professional services, reported 1Q18 earnings fell 27.1% to RM1.07 million ($0.36 million) compared to RM1.47 million in 1Q17.
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SINGAPORE (May 11): ZICO Holdings, an integrated provider of multidisciplinary professional services, reported 1Q18 earnings fell 27.1% to RM1.07 million ($0.36 million) compared to RM1.47 million in 1Q17.

Revenue for the quarter was 21.2% higher at RM20.3 million from RM16.7 million a year ago.

This was propelled by the group’s Advisory and Transactional Services (ATS) division which grew 39.3% to RM14.9 million, but was partially offset by a 10.0% decline in revenue from the Management and Support Services Business & Licensing Service division due to changes in invoicing arrangements.

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