Synagie sinks deeper in the red with S$3.4m loss for H1 despite revenue doubling
Loss attributed to higher administrative costs, one-off expenses
Singapore
HOMEGROWN e-commerce player Synagie Corporation has sunk deeper into the red, posting a net loss of S$3.4 million for the half year ended June 30, 2018, from a net loss of S$1.2 million in the year-ago period.
Therefore, loss per share deepened to 1.31 Singapore cents, from a loss per share of 0.44 Singapore cent in the year-ago period.
TRENDING NOW
CapitaLand Investment to restructure portfolio, recycle up to S$9 billion
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
MSCI drops S-E Asian heavyweights Sembcorp, GoTo and Ayala Land from global benchmarks
Orchard Boulevard, Marina Gardens Lane sites released for sale