InnoTek: 1H'19 Net Profit Rises 32.6% To S$7.73 Million Despite Lower Revenue, Operating Environment Increasingly Challenging.13 Aug 2019 23:57
InnoTek Limited announced that its net profit rose 32.6% or S$1.9 million to S$7.7 million for the six months ended 30 June 2019 compared to a year ago despite lower revenue and an increasingly challenging operating environment for all three main business segments in China. Net profit before exceptional gain was S$7.6 million for 1H'19 compared to S$3.8 million in 1H'18. The exceptional gain in 1H'18 was a write-back of S$2.1 million tax provision made in 2017 for obtaining a three-year tax concession...
Source: ShareInvestor Express