K1 Ventures' Q1 profit, revenue leap
K1 Ventures reported a big jump in net profit to S$87.33 million for the first quarter ended Sept 30, up from S$3.02 million, on the back of higher revenue.
Revenue rose from S$2.88 million a year ago to S$89.29 million, thanks to higher investment income. Profit before tax came to S$88.32 million, boosted by higher revenue and foreign exchange gains.
Meanwhile, earnings per share clocked 4.03 Singapore cents, versus 0.14 cent in the corresponding period one year earlier.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Gold gains as Middle East tensions lift safe-haven appeal
New Cadence supercomputers aim to speed creation of chips, software
Singapore shares climb at Thursday’s open; STI up 0.3%
China education firms learn tough lessons overseas
Keppel Pacific Oak US Reit posts 8.8% fall in distributable income for Q1
Billionaires selling cheap stuff get richer from inflation pain