Accrelist Turns to Profit in Fiscal H2 Despite Revenue Drop

MT Newswires05-31

Accrelist (SGX:QZG) reported a net profit attributable to equity holders of SG$1.3 million for the fiscal second half ended March 31, against a loss of SG$3.7 million a year ago period, according to a Thursday filing with the Singapore Exchange.

The Singapore-based companyâs earnings per share were SG$0.0042, versus a loss per share of SG$0.0119 in the year-ago period.

The company's revenue for the period was SG$8.4 million, down 54% from SG$18.4 million from the year-ago period.

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