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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
Thursday, November 5, 2015 - 05:50
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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