Noel Gifts' net profit almost doubles thanks to Jubilee baby gift pack
Net profit jumped 84.6% to $2.9m.
Noel Gifts bagged a jackpot from the SG50 Baby Jubilee Gift project.
The group's net profit almost doubled to $2.9m in FY15, driven by revenue from the Jubilee baby gift packs.
The group also booked a one-off gain of $2.4m from the disposal of shares in a subsidiary.
Noel Gifts expects to remain profitable in FY16.