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Zico reports FY18 earnings of $1.9 mil on higher revenue

PC Lee
PC Lee • 2 min read
Zico reports FY18 earnings of $1.9 mil on higher revenue
SINGAPORE (Mar 4): Zico Holdings reported earnings of RM5.8 million ($1.9 million) for FY18 ended Dec, lifted by 10% increase in revenue of RM90.1 million.
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SINGAPORE (Mar 4): Zico Holdings reported earnings of RM5.8 million ($1.9 million) for FY18 ended Dec, lifted by 10% increase in revenue of RM90.1 million.

The Asean-focused multidisciplinary professional services provider said that the FY18 revenue growth was driven by contributions of its core Advisory and Transactional Services (ATS) segment which expanded 19.3% compared to FY1 ended Dec.

The ATS segment includes corporate finance advisory services under Zico Capital in Singapore and Malaysia, trust services under Zico Trust, as well as asset management services under Zico Asset Management and newly-acquired businesses. This segment also recorded additional revenue contributions from Zicolaw Thailand which was acquired in FY18.

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