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Zico reports 32.4% rise in FY17 earnings to $1.9 mil on higher sales

PC Lee
PC Lee • 2 min read
Zico reports 32.4% rise in FY17 earnings to $1.9 mil on higher sales
SINGAPORE (Feb 27): Zico Holdings, the multi-disciplinary professional services provider, reported a 32.4% rise in FY17 earnings to RM5.7 million ($1.9 million) from a year ago.
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SINGAPORE (Feb 27): Zico Holdings, the multi-disciplinary professional services provider, reported a 32.4% rise in FY17 earnings to RM5.7 million ($1.9 million) from a year ago.

Net profit of RM6.9 million – the highest since its IPO in November 2014 –was achieved on the back of a 23% increase in revenue to RM81.9 million in FY17 from RM66.7 million in FY16.

Topline growth was propelled by higher revenue from Zico's Advisory and Transactional Services (ATS) division which contributed 36% to RM58.0 million in FY17. Management and Support Services Business & Licensing Services (MSSL) dipped 0.8% to RM23.9 million.

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