You are here

Finance costs drag Gallant into the red in Q2

A MORE than doubling of finance costs, from S$15.3 million to S$36.8 million, dragged Gallant Venture into the red in the second quarter despite revenue dipping just one per cent to S$554.3 million.

Gallant Venture, which in May last year acquired 52.35 per cent of PT Indomobil Sukses...

BT is now on Telegram!

For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes