A year ago, the group had made a loss of nearly $2 million.
For the 12 months ended Jan, revenue rose 29% to $18.2 million from $14.1 million a year ago largely driven by strong performance of foreign wholesale trade to China market.
Other income increased by $975,000 to $1.3 million in FY17. The surge was mainly due to contribution of $180,ooo of management fee charged to a related company, Noble Circle Holding Co. for providing professional advices to their business operations as well as $852,000 of license fee derived from distributors in China.
In its outlook, the group says it will continue to source and expand its range of health foods and supplement products and will continue its expansion efforts in Asian markets.
“While the global economic outlook remains increasingly unpredictable, we remains confident in the prospects for the group and our ability to generate further sustainable value. The group will continue to persevere and intensify its efforts in optimising its business operations,” it adds.
Shares of Camsing last traded at 83 cents on March 7.
