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Rowsley posts Q2 net loss of S$5.3m

MAINBOARD-listed Rowsley made a loss of S$5.3 million in the second quarter ended June from a profit of S$516,000 a year ago.

Revenue was up 26 per cent at S$22.3 million from S$17.8 million mainly led by contributions from the UK hospitality group which it had acquired in November 2015 and higher revenue from RSP Architects Planners & Engineers.

It made a loss per share of 0.114 Singapore cents for the period under review from an earnings per share of of 0.012 Singapore cents in 2015.

No dividend was recommended.

Rowsley shares gained 0.2 Singapore cents or 1.5 per cent to close at 13.5 Singapore cents on Friday.

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