Popular Holdings posts Q2 loss of $52,000
12.5% rise in revenue to $136.5m fails to boost bottomline
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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.
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