Vibrant Group back in black for Q3
VIBRANT Group, previously known as Freight Links Group, pulled itself back into the black for the quarter ended Jan 31, 2019.
It reported a net profit attributable to shareholders of S$3.9 million in its fiscal third quarter, compared to a net loss of S$664,000 the year before.
This comes as its revenues for the period climbed 13 per cent year-on-year to $51.7 million. Vibrant Group said that the increase was due mainly to the completion of development property, the Master-Riviera project.
A revaluation gain on a high-tech industrial park development in Changshu, China, also helped its earnings.
Its earnings per share were 0.56 Singapore cents, compared to a loss per share of 0.10 Singapore cents the year before.
No dividends were declared for the quarter just ended.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Stablecoin Tether steps up monitoring in bid to combat illicit finance
HSBC asked by US$890 billion investor group to set energy goal
BHP’s biggest rivals sit on the sidelines of Anglo M&A drama
Abu Dhabi hub carrier Etihad adds banks to US$1 billion IPO
Barclays is the latest firm to face anti-ESG wrath in Oklahoma
Barclays prices mortgage-backed notes in deal with GoldenTree