Corporate digest

GSH Corporation

MAINBOARD-LISTED property developer GSH has reported a net loss of S$3.3 million for the three months at end-December 2016, compared with a net profit of S$6.6 million a year ago, dragged down by a plunge in revenue.

Revenue in Q4 2016 fell 69.8 per cent year on year to S$17.7 million. In Q4 2015, its property business contributed S$45.4 million in revenue due to the first phase of sales launch of GSH Plaza. In Q4 2016, property revenue was S$1.7 million.