Primary tabs

Overseas revenue drives growth in local companies: IE Singapore

Gwyneth Yeo Published on Thu, Feb 16, 2017 / 4:30 PM GMT+8

A-

A+

SINGAPORE (Feb 16): More than half of Singapore companies now have an overseas footprint. What is interesting is that these companies are seeing the growth in their overseas operations outpace their total revenue growth.

Regardless of their size, companies are recording a 1.3% annual growth in total revenue, while their overseas revenue alone is growing at 4.2% annually.

Among small and medium sized enterprises, overseas revenue accounted for 53% of total revenue - a 3 percentage point increase y-o-y - while overseas revenue accounted for 40% of total revenue among large enterprises - a 1 percentage point increase.