World Class Global trims Q2 loss to S$4.8m

Singapore

PROPERTY developer World Class Global (WCG) cut its Q2 loss for the three months ended June 30 to S$4.8 million, compared to a loss of S$5.4 million in the year ago period, the group said in a Singapore Exchange filing on Sunday.

For the six months ended June 30, WCG, a spin-off of jeweller Aspial Corp, did not record any revenue from the sale of development properties nor any materials and subcontract costs in both Q2 and H1, as none of its development projects were completed and handed over to the purchasers.