SINGAPORE: On back of impressive business performance, investment holding company YuuZoo Corporation Limited’s total income soared 242% YoY to $81.5 million in 1H16, and 237% YoY to $36 million in 2Q16.
YuuZoo boasts of it’s e-commerce business as earnings shot up 497% to $47.2 million for the first half of 2016. Likewise, EBIT surged 1040% to $14.3 million in 2Q16 and 378% to $27.1 million in 1H16, it added.
On top of the period’s achievements, the company said it continued to operate fully debt-free.
“Trade and other receivables declined 44% to SGD19.5 million from SGD34.7 million at December 31st 2015, while liabilities during the same period plunged 67% to SGD3.7 million from SGD11.2 million,” YuuZoo said.
