As cost of sales increased by 219.9% y-o-y to $34.3 million, 1Q19 gross profit came in at $18.6 million, 215.4% higher than $5.9 million a year ago.
Other income saw a 65.1% increase to $1.2 million from $0.8 million in the previous year.
Administrative expenses increased 69.0% y-o-y to $1.2 million, while sales and marketing expenses grew 29.1% y-o-y to $0.6 million.
Shares in Sing Holdings closed at 39 cents on Tuesday.
