Vibrant swings to S$88.7m loss on full writedown of Blackgold unit

Singapore

PROVIDING a full impairment on its beleaguered Blackgold Group acquisition has sunk Vibrant Group's results deeply into the red for the year ended Apr 30.

The freights and logistics, real estate and financial services group posted a net loss of S$88.7 million, reversing from a profit of S$3.4 million for the previous year.