CATALIST-LISTED dishwashing firm GS Holdings on Monday reported a net profit of S$5.49 million for its financial year's first six months ended June 30, 2019, reversing from a S$1.24 million loss in the year-ago period.
Revenue rose to S$15.8 million from S$5 million in the year-ago period, due mainly to the receipt of service fees from 14 branding, operation and procurement service agreements entered into by its subsidiary Wish Hospitality Holdings. The agreements have an aggregate quarterly contract sum of 50 million yuan .
Also contributing to the rise was revenue from Hao Kou Wei, a company which GS Holdings acquired on Apr 1, 2019. Revenue from GS Holdings' dishware washing and cleaning business segment, however, fell by about 16 per cent to S$4.2 million, down from S$5 million in the year-ago period.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
United Food Holdings warns of Q1 net loss due to lower incomeMAINBOARD-LISTED United Food Holdings on Monday warned that it expects a loss for its financial first quarter ended June 30, 2019, based on a preliminary review of its unaudited financial results. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
CDW Holding warns of first-half loss on lower gross profitMAINBOARD-LISTED consumer electronics part maker CDW Holding warned on Monday that it is likely to report a consolidated operating loss for the first six months of its financial year ended June 30, 2019. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Barrick posts profit jump, flags significant work ahead on AcaciaBarrick Gold Corp reported quarterly adjusted profit that nearly doubled on higher production on Monday, and said it has a 'great deal of work' ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Addvalue Tech Q1 net loss narrows to US$220,000NET loss for Addvalue Technologies narrowed to about US$220,000 in the fiscal first quarter ended June 30 from a net loss of US$862,000 a year ago, the company announced in a Singapore Exchange (SGX) filing on Saturday. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Saudi Aramco to buy Reliance stake, reports 12per cent earnings slideSaudi Aramco, the world's top oil producer, reported first-half net income of US$46.9 billion on Monday, down from US$53.02 billion a year earlier.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Saudi Aramco's first-half net income falls 12per cent to US$47 billionSaudi Aramco, the world's top oil producer, reported first-half net income of US$46.9 billion on Monday, down from US$53.02 billion a year earlier.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »