How Does Advancer Global Ltd Make Money?

It is important to know what a particular company does and how it makes money before investing in it. Investing in a business without such knowledge is akin to travelling to an unknown territory without a map.

On that note, let’s check out what business Advancer Global Ltd (SGX: 43Q) is involved in and how it generates its revenue.

Advancer Global Ltd, which was listed in July 2016, is an integrated services provider that offers workforce solutions and services in Singapore. Let’s take a look at the table below for the revenue contribution from each of its business segment for the financial year ended 31 December 2016 (FY2016):

Source: Advancer Global Ltd Annual Report FY2016

The Employment Services segment provides one-stop-shop services for the sourcing, employment and training of foreign domestic workers for households. It is also involved in the sourcing and hiring of foreign workers for corporations. This segment operates under brands like Nation and Enreach.

Next, the Building Management Services segment is involved in the provision of integrated building facility management services such as cleaning and stewarding, and pest control for hospitals, hotels, and residential, commercial and industrial properties.

Last but not the least, the Security Services segment offers security solutions and services such as providing security guards for commercial, industrial and residential buildings. It also provides security escort services and security consultancy services.

Now that we know the basics of Advancer Global Ltd’s revenue streams, we can then delve into other aspects of the firm such as its profitability, strength of its balance sheet, its cash-generating abilities and so on before deciding to invest in it.

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The information provided is for general information purposes only and is not intended to be personalised investment or financial advice. Motley Fool Singapore contributor Sudhan P doesn’t own shares in any companies mentioned.