Auric Pacific's Q2 profit down 96.3% on impairment loss
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
FOOD supplier Auric Pacific on Tuesday reported a 96.3 per cent drop in net profit to S$45,000 for its second quarter ended June 30, 2016, from S$1.2 million a year ago.
This was mostly due to an impairment loss on unquoted investment funds of about S$5.6 million. Otherwise, its various business segments mostly reported higher operating profits, it said.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
