OKH Global sinks into loss in Q3

OKH Global sank into the red in its third quarter, chalking up a net loss of S$25 million compared with a net profit of S$3 million in the preceding year, the group said in a Singapore Exchange filing on Friday evening.

For the three months ended March 31, revenue went up 31 per cent to S$107.9 million from the year-ago period. It recorded a loss per share of 2.22 Singapore cents, from earnings per share of 0.47 Singapore cents in the preceding year.

OKH Global shares closed flat at S$0.059 on Friday before the results.