Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,114.16 -11.98 -0.38%
Hang Seng 26,719.58 -128.91 -0.48%
Dow Jones 26,915.72 -110.16 -0.41%
Shanghai Composite 2,938.14 -39.19 -1.32%
TEE International 1Q15 Net Profit Surges 77.9%
Daily Bulletin | 12 October 2015
Related stocks:

TEE International has announced 1Q16 net profit of $2.5 million, a surge of 77.9 percent from the 1Q15 net profit of $1.4 million mainly due to boosted revenue.

Revenue surged 44.2 percent to $61.1 million due to higher revenue recognized during 1Q16 for on-going engineering projects. Despite cost of sales increasing 41.3 percent to $54.8 million, gross profit rose 75.5 percent to $6.3 million.

Despite a rise in expenses across the board, which brought overall operating expenses up by 38.2 percent, the surge in gross profits brought by the rise in revenue was able to offset it, resulting in the massive improvement of the group’s profitability.

TEE Int'l  0.044 -- --   
Business: Provides specialized engineering services mainly in infrastructure & construction, integrated real estate & facilities management. [FY18 Turnover] Engineering (50.1%), real estate (39.3%), infrastructure (10.2%), Corporate & Other (0.4%).

Insight: Apr-19, 9M18 revenue jumped 52.3% to $273.7m due t... Read More

Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.