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Takeover target Courts Asia had a forgettable third quarter, reporting a net loss of S$171,000 – a stark contrast to the $3.51 million profit for the same period a year earlier. The company blamed lower sales and gross-profit margins together with higher…
Japanese electronics retailer Nojima Corp has launched a conditional takeover bid for Courts Asia. The deal is conditional upon Courts Asia’s majority owner Singapore Retail Group (SRG) agreeing to the deal. Offering 20.5 cents a share for the business, the…
Singaporean electronics and furniture retailer Courts Asia has posted a net loss of SG$3.1 million (US$2.25 million) in its second quarter. The result is a reversal of a net profit of $1.5 million (US$1.09 million) during the same period last year. Courts…
Regulation changes in Malaysia dragged down both revenue and profits for Southeast Asian electrical, IT and furniture retailer Courts Asia. For the year to March 31, Courts Asia had a 3.7 per cent dip in revenue to SG$713.1 million (US$532.5 million). Profits…
Electrical, IT and furniture retailer Courts Asia reports 24.4 per cent growth in net profit to S$5 million (US$3.5 million) for the third quarter to December 31. This is despite revenue falling 8.6 per cent year-on-year to $187.2 million, attributed to lower…
Electronics and furnishings retailer Courts Asia has reported a modest 0.3 per cent increase in profits for the third quarter – against a background of a stagnant domestic market. The company’s sales grew a healthy 6.1 per cent – mostly due to increased sales…
Courts Indonesia has opened its second megastore – inside BSD City, about 42 km west of Jakarta. The new store is part of a strategy by Singapore-listed Courts Asia to expand its footprint beyond its core Singapore and Malaysia markets. Billed as the largest…
Courts Asia, the operator of retailer Courts Megastore, began with construction of its second outlet in Indonesia on Thursday, as the company races to tap into the country’s growing middle-income group. The three-storey structure will boast 20,400 square…
