YuuZoo's 9-month revenues grow 132% YoY

YuuZoo Corporation Limited (SGX:AFC) revenue for the nine months ended 30 September 2016 grew by 132% to SGD USD95.6 million, the company said.

For the nine months ended 30 September 2016, total comprehensive income grew 182% year-on-year to SGD 32.15 million. For the nine months ended 30 September the group´s EBIT rose by 215% to SGD 35.5 million, driven by a 281% growth in e-Commerce as well as by franchise sales to countries across Africa, Latin America, Asia and Eastern Europe.

Listed on the SGX mainboard (SGX: AFC), YuuZoo has built a partly patented mobile and online technology platform on which several in-house developed products in a unique, and for each market fully localized manner, offer targeted social networking, e- commerce and gaming to hundreds of millions of consumers across all continents.