Design Studio Furniture Manufacturer Ltd, one of Singapore’s leading premier furniture manufacturers, has posted S$20.2 million in revenue for the third quarter of this year, down from S$30.3 million over the same period last year.
It added that revenue for the nine months ended 30 September 2011 remained flat at S$69.3 million.
The group’s net profit also remained flat at S$10.9 million for the nine months ended 30 September 2011, while posting a net profit of S$2.2 million for Q3 2011.
“We are pleased to deliver our 20th consecutive quarter of profitability notwithstanding the global economic uncertainties,” said Bernard Lim, Executive Chairman & CEO of Design Studio Furniture Manufacturer Ltd.
“The business strategies that we have undertaken over the past several quarters have allowed us to deepen market penetration of existing markets and expand our base of quality clients.”
The company is already involved with a few residential projects in Singapore, including Flamingo Valley, 368 Thomson, Terrase, 8 Courtyards and 8 Ardmore Park.
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