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SUTL Enterprise: Reports 3Q2019 Revenue Of S$7.7 Million & Net Attributable Profit Of S$0.6 Million.

08 Nov 2019 14:11

SUTL Enterprise Limited achieved net attributable profit of S$0.6 million for the three months ended 30 September 2019 compared to S$0.9 million for the corresponding period a year ago. Revenue decreased 4% year-on-year mainly due to lower membership-related fees and management fees, offset in part by a 6% increase in sales of good and services to S$5.1 million compared to S$4.8 million in 3Q2018. Further contributing to the overall YOY decline in total revenue for the quarter was a decline in other income, which fell by S$0.4 million from a year ago in the absence of an insurance claim received in 3Q2018...

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Source: ShareInvestor Express