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Procurri Q1 earnings surge 75% to S$1.8m

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PROCURRI Corporation posted a 75 per cent rise in net profit to S$1.8 million for the first quarter ended March 31, from S$1.0 million a year ago. Read more at The Business Times.

PROCURRI Corporation posted a 75 per cent rise in net profit to S$1.8 million for the first quarter ended March 31, from S$1.0 million a year ago.

Earnings per share rose to 0.62 Singapore cent, from 0.35 cent the year prior. No dividend was declared, similar to a year ago. Shares of the company last closed at 33 Singapore cents on Tuesday, up 1.5 per cent, or 0.5 Singapore cent. The group added that it was “well-poised for growth” in fiscal 2019, with a favourable outlook in the industry.

Sean Murphy, chairman and global CEO of Procurri, said the group continues to capture more of the market in data centre equipment and lifecycle services as it forms more partnerships with top-tier original equipment manufacturers and channel partners, such as Nutanix and PureWRX.

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