DeClout's earnings almost tripled to $5 million in the financial year ended Dec 31, 2015, from $1.7 million a year ago.
This was despite gross profit margin narrowed to 24.9% from 26.5% previously, due mainly to a change in the sales mix comprising a higher proportion of transactional hardware and product distribution that reaped lower margins.
DeClout's revenue surged 78% to $279 million from $157 million previously, backed by strong organic growth and contributions from new mergers and acquisitions.
The technology company expects the business climate this year to be challenging in view of greater volatility and uncertainties in the global economic outlook.
It expects to continue enhancing its existing operations and to pursue mergers and acquisition activities that are synergistic to the company.
It adds that the proposed listing of subsidiary Procurri, if successful, will be unlocking value for shareholders.
Shares of Procurri were last traded at 20 cents on Feb 22.
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This was despite gross profit margin narrowed to 24.9% from 26.5% previously, due mainly to a change in the sales mix comprising a higher proportion of transactional hardware and product distribution that reaped lower margins.
DeClout's revenue surged 78% to $279 million from $157 million previously, backed by strong organic growth and contributions from new mergers and acquisitions.
The technology company expects the business climate this year to be challenging in view of greater volatility and uncertainties in the global economic outlook.
It expects to continue enhancing its existing operations and to pursue mergers and acquisition activities that are synergistic to the company.
It adds that the proposed listing of subsidiary Procurri, if successful, will be unlocking value for shareholders.
Shares of Procurri were last traded at 20 cents on Feb 22.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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