Vibrant Q3 hit by sharp drop in 'other income'

Singapore

VIBRANT Group on Tuesday reported an 85.2 per cent plunge in third- quarter net profit to S$1.3 million, despite a 23.6 per cent rise in revenue.

The chief cause was an 80.5 per cent drop in "other income" to S$3.2 million. This resulted in profit from operations falling 84.8 per cent from S$14.9 million to S$2.3 million.