Global Yellow's bottom line hit by one-off disposal adjustment

Singapore

GLOBAL Yellow Pages' net loss widened to S$2.35 million for its fiscal second quarter ended Sept 30, from S$794,000 a year ago.

The results took into consideration a one-off reclassification of currency translation loss of about S$1.10 million for the three months ended Sept 30, 2014.

Revenue for the three months rose 16.2 per cent to S$4.74 million, from S$4.08 million for the corresponding period last year. This was due mainly to increased contribution by Singapore River Tour & Taxi Services and royalty income from licensing of intellectual property rights of Wendy's Supa Sundaes…