Courts Asia

Retail Asia13/02/2019

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 income tax expenses. Group sales fell 6.2 per cent to $175.3 million, largely due […]

Retail Asia23/01/2019

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 offer represents a 35 per cent premium over the price shares were trading at before […]

Retail Asia14/11/2018

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 Asia said in a statement that Malaysia revenue came under pressure after the […]

Retail Asia04/06/2018

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 slipped to $8.1 million from $23.7 million. Meanwhile, distribution and marketing expenses “remained […]

Retail Asia10/02/2017

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 corporate sales for digital products, coupled with the recall of the Samsung Note […]

Retail Asia19/02/2016

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 of high value electronics such as iPads and smartphones. Total revenue […]

Retail Asia02/02/2016

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 Megastore in Asia, the new outlet covers 22,694 sqm of […]

Retail Asia04/02/2015

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 metres of retail space in Bumi Serpong Damai, a satellite city located south of Jakarta, said Terence […]

Tag: Courts Asia

Courts Asia continues negative trend as Malaysian sales tank

Courts Asia gets buy offer from Japan retailer Nojima

Courts Asia shows negative number after Malaysian woes

Courts Malaysia hurts Asia performance

Fewer sales, but more profit for Courts Asia

Courts Asia continues to defy downtown

Courts opens second Indonesia megastore

Second Courts store in Indonesia begins construction