Stratech Group's FY2015 earnings down 49.9%
Add BT as a preferred source
Mindy Tan
Singapore
STRATECH Group's net profit for FY2015 fell 49.9 per cent from S$1.5 million to S$732,000 despite revenue rising 48.29 per cent, from S$11.1 million to S$16.5 million.
This was largely due to higher non-recurring administrative expenses, which increased from S$4.5 million in FY2014 to S$5.7 million in FY2015. This was mainly attributed to professional fees, including, among others, the one-off fees and related costs in relation to the recently concluded group restructuring exercise amounting to about S$0.60 million and staff costs of S$0.32 million in line with higher level of business activities during the year.
TRENDING NOW
That ‘cheap’ Malaysia condo could cost Singapore buyers far more than they think
On the board but frozen out: The Taib family feud tearing Sarawak construction giant apart
These little-known SGX tech stocks are beating the market. What’s driving them up?
Genting Singapore shares drop 8.7% after Q1 earnings fall
