LCD Global back in the black with S$10m net in Q2
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Singapore
LCD Global Investments swung to profitability in the second quarter ended Dec 31, 2014, thanks to its associated and joint venture companies.
The hospitality player inked a net profit of S$9.98 million in the second quarter, from a net loss of S$209,000 in the year-ago period. But revenue slipped 6 per cent to S$13.97 million during the quarter due to weaker performance at its serviced residence in Vientiane, Laos and the closure of three entertainment outlets in Singapore.
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