Cordlife posts Q2 loss of S$3.3m

Singapore

CORDLIFE Group reported a net loss of S$3.3 million for its second quarter, compared to the net profit of S$4.2 million posted during the corresponding period last year.

This was despite the group posting a 17.5 per cent increase in revenue for the quarter to S$14.3 million, compared to last year. The rise in revenue was driven by increased client deliveries from approximately 4,000 in Q2FY14 to 5,600 in Q2FY15.