Q2 results underscore resilience of Singapore listcos

SINGAPORE listcos stayed resilient in the quarter ended June despite concerns over a global economic slowdown.

Almost 2 in 3 of them came in above water - just slightly down from the 70 per cent plus which posted profits in the corresponding period last year.

Of the 61 listcos that were profitable in the quarter, nearly 7 in 10 reported improvements from the year-ago period, according to data compiled by The Business Times as at Sep 5.