You are here

Sino Construction posts S$7m loss

nabmSINO24315.jpg
Sino Construction recorded a S$7 million net loss for its latest quarter ended Dec 31, 2014, versus a S$2.18 million net gain in the year ago period.

Sino Construction recorded a S$7 million net loss for its latest quarter ended Dec 31, 2014, versus a S$2.18 million net gain in the year ago period.

The net loss is mainly attributable to foreign currency translation differences that arose from translating the results of its discontinued operations and was reclassified to profit and loss upon the completion of its full disposal of Daqing Xinyuan Construction Installation on March 27, 2014.

The group's revenue stood at S$1.12 million, versus nil in the restated period last year. Loss per share was 0.53 cents, compared to 0.17 cents a year ago. Meanwhile, net asset value per share was less than one cent.

sentifi.com

Market voices on:

grab

Receive $80 Grab vouchers valid for use on all Grab services except GrabHitch and GrabShuttle when you subscribe to BT All-Digital at only $0.99*/month.

Find out more at btsub.sg/promo

Powered by GET.comGetCom