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Rowsley swings to net loss of S$4.2m in Q3

Slump in property market and fair value adjustment loss pull down bottomline

Lock Wai Han.jpg
Rowsley chief executive officer Lock Wai Han noted that the continued slowdown of the Singapore property market made it a "challenging quarter". He added that looking ahead, the group will focus on executing its acquisitions and business plans.

Singapore

ROWSLEY Ltd, a mainboard-listed company controlled by Singapore billionaire Peter Lim, posted a net attributable loss of S$4.2 million for the third quarter ended September.

This was due to the softer property market in Singapore and a fair value adjustment loss of S$3.8

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