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Citystate tops sales ranking
Singapore
 

Singapore  
(14th Jan 2005)


CITYSTATE Travel Holdings has been ranked top in the 18th Annual Singapore SME 500 Highest Sales/Turnover Award.

For the first time, its subsidiary, Citystate Travel was also ranked among he top Singapore SME 500, and another subsidiary Citystate Ardent Travel made it to the list again, having made it to the ranking for the last few years.

Group business doubled to almost S$60 million (US$37 million) in 2003 compared to the previous year and grew well over 40 per cent to reach S$85 million in 2004.

Group managing director, Mr David Ho, said the group expected to achieve 30 per cent growth to reach S$110 million this year and more than double growth in 2006 when the business plan of ReZsource, a division of Citystate Travel, an online B2B portal, completely materialises.

 
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