Corporate digest

K1 Ventures

INVESTMENT firm K1 Ventures, which is 36 per cent held by Keppel Corporation, reported a net loss of S$8.5 million for its second quarter ended Dec 31, 2015, from a profit of S$31 million a year ago. Revenue fell 73.6 per cent to S$13.6 million from S$51.5 million a year ago.

The results were due to prior year profit from the sale of the group's investment in car dealer China Grand Automotive, and a realised exchange loss related to the voluntary liquidation of subsidiary Focus Up Holdings.