Cordlife's Q3 bottom line hit by absence of fair-value, forex gains

Singapore

CORDLIFE Group swung into the red for the three months ended March 31, 2016, from a profit-making quarter a year ago, due to absence of fair-value and exchange gains.

On Wednesday, it reported a loss attributable to shareholders of S$2.04 million for the fiscal third quarter, reversing from the net profit of S$18.1 million for the previous corresponding quarter. Loss per share came in at 0.79 Singapore cent for the quarter, against earnings per share of seven Singapore cents a year ago.