K1 Ventures sinks into the red for Q3

K1 Ventures sank into the red with a loss of S$2.11 million for the third quarter ended March 31, 2017, versus a profit of S$34.96 million a year ago.

Revenue fell nearly 94 per cent to S$3.37 million as the corresponding quarter a year ago benefited from investment income of S$48.5 million from Knowledge Universe Holdings (KUH).

Loss per share came to 0.49 cent, compared to earnings per share of 8.07 cents a year ago.