KOP returns to the black in Q3 on stake divestment gain

Singapore

KOP Ltd, whose businesses encompass the property and entertainment industries, said on Monday that a stake divestment gain has put the company back in the black for the fiscal third quarter.

The company, which gained its Catalist listing in May last year from the reverse takeover of Scorpio East Holdings, posted a net profit of S$39.9 million for the three months ended Dec 31, 2014, against a net loss S$117,000 a year ago.