Popular Holdings posts Q2 loss of $52,000

DESPITE higher revenue, Popular Holdings sank to a net loss of $52,000 in its fiscal second quarter, from a $1.73 million net profit a year ago.

For three months ended Oct 31, 2013, the book retailer and property developer posted a loss per share of 0.01 cent, compared with earnings per share of 0.21 cent the same period last year.

Turnover rose 12.5 per cent from a year ago to $136.5 million, helped by higher revenue from its property, retail and distribution and publishing and e-learning divisions.