Global Yellow Pages posts third annual loss of S$1.7m

GLOBAL Yellow Pages said after Wednesday's trading close that it has posted a third, albeit smaller, consecutive annual net loss.

Net loss for the financial year 2017 was S$1.7 million, compared to a net loss of S$12.4 million for FY16.

Revenue from continuing operations was S$27.1 million, an increase of S$1.6 million or 6.3 per cent compared to FY16.

Excluding non-cash revaluation losses on investment properties and impairment of intangible assets, the group said that it would have posted an adjusted net profit of S$2.7 million for FY17.

The listed company was placed on the Singapore Exchange's watch-list under the Minimum Trading Price Entry Criteria.