Chasen Holdings, the relocation specialist with technical/engineering capabilities, reported a 34.5% y-o-y increase in net profit after tax to $1.6 million in 1Q2011.
The group posted a 3.2% y-o-y increase in revenue for 1Q2011 primarily due to continuation of recently started and commencement of new relocation projects in China, which boosted the contributions from the Relocation Services and Third Party Logistics Services business segments.
Chasen Holdings says net profit for the third-quarter (Q3 FY2010) rose 108% to $0.2 million compared from $0.08 million for the corresponding period last year.
Chasen is an investment holding company with subsidiaries providing specialist relocation solutions, facilities for packing and warehousing of machinery and equipment and other third party logistics services, technical and engineering services for the region’s manufacturing, marine and construction industries.
