Singapore

THE market was once again reminded of the shattered financials of the firms embroiled in last October's penny stock crash with LionGold releasing its much-delayed first quarter results with an injurious outing, just one day after its counterpart Blumont reported dismal quarterly digits.

The beleaguered gold miner swung into big losses of S$20.3 million for the first quarter ended June 2014 from a S$3.8 million profit a year ago.