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ZICO posts 5.7% drop in 3Q earnings to $0.3 mil on higher expenses

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
ZICO posts 5.7% drop in 3Q earnings to $0.3 mil on higher expenses
SINGAPORE (Nov 14): Professional services provider ZICO Holdings saw its earnings fall 5.7% to RM 877,000 ($289,000) for the 3Q18 ended September, from RM 930,000 a year ago, on the back of higher expenses.
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SINGAPORE (Nov 14): Professional services provider ZICO Holdings saw its earnings fall 5.7% to RM 877,000 ($289,000) for the 3Q18 ended September, from RM 930,000 a year ago, on the back of higher expenses.

3Q18 revenue grew 15.6% to RM 22.6 million, from RM 19.5 million a year ago.

The increase was due to higher revenue from its advisory and transactional services (ATS) segment, which rose 24.1% to RM 17.0 million during the quarter.

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