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Vibrant swings to S$88.7m loss on full writedown of Blackgold unit

Vibrant's CEO Eric Khua says the company has a steady growth pipeline, with projects that will progressively come onstream and contribute to business growth and adds that the firm is focused on its operations.


PROVIDING a full impairment on its beleaguered Blackgold Group acquisition has sunk Vibrant Group's results deeply into the red for the year ended Apr 30.

The freights and logistics, real estate and financial services group posted a net loss of S$88.7 million, reversing...

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