Singaporean company Vallianz saw profits fall in 2016 on the back of lower revenues which were partially offset by cost savings.
Vallianz posted a profit of nearly US$15.6 million for the 12 months to 31 December, a 22.7% decline on 2015’s US$20.1 million profit.
The drop in profits came as revenues slid 10.1% in 2016 to US$209.1 million, compared to nearly US$232.6
