Courts Asia full-year earnings up 16.8% to $20.3 mil

SINGAPORE (May 26): Electrical, IT and furniture retailer Courts Asia reported FY16 earnings rose 16.8% to $20.3 million, even as earnings in 4Q contracted 36.2% to $4.2 million.

Full-year revenue edged up 1.6% to $770.4 million.

“The cost savings initiatives that we have put in place have continued to yield positive results, putting us in a strong position as we enter the new financial year in 2016,” says Courts Asia’s Executive Director and Group CEO Dr Terence Donald O’Connor.

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