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IPCO International Announces FY15 Net Loss Of $3.2 Million
Daily Bulletin | 30 June 2015
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IPCO International recorded a revenue of $49.1 million for FY15, from $33.2 million in FY14, due to broad-based growth across all three business lines – sales of semiconductor devices, land lot sales and natural gas installation, connection, delivery and usage.

Despite a $38.2 million decrease in operating expenses, the group’s top line was unable to support its operations and as a result, the firm reported a net loss of $3.2 million. This, however, was an improvement from a net loss of $150 million in FY14.

Going forward, the group’s primary subsidiaries have shown significant improvements in their operating performances, as well as their prospects for business development and are expected to contribute to further revenue increases during the coming year.

Renaissance United  0.001 -0.001 -50.00%   
Business: Co operates as a developer, turnkey contractor, and investor in oil and gas, power, transportation, water and environment, and industrial infrastructure projects. [FY18 Turnover] Gas distribution (60%), electronics and trading (40%).

Insight: Dec-18, 1H19 revenue rose 19.7% to $29m due to bet... Read More

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