Wheelock Q4 loss trebles on project provision

MAINBOARD-listed Wheelock Properties sank deeper into the red with a loss of $91.3 million for the fourth quarter ended Dec 31, 2013, versus a loss of $30.8 million in the corresponding period a year earlier. This was due to a $110 million provision for a project.

Revenue for the quarter under review edged up 3 per cent year-on-year to $29 million while loss per share worked out to 7.63 cents, from a loss…