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Cordlife sinks into the red in FY17 on absence of one-off gains

Samantha Chiew
Samantha Chiew8/30/2017 12:58 PM GMT+08  • 3 min read
Cordlife sinks into the red in FY17 on absence of one-off gains
SINGAPORE (Aug 30): Cordlife Group, the provider of cord blood, cord tissue and umbilical cord lining banking services, sank to a loss of $2.6 million in the full year ended June, compared to earnings of $12.3 million a year ago.
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SINGAPORE (Aug 30): Cordlife Group, the provider of cord blood, cord tissue and umbilical cord lining banking services, sank to a loss of $2.6 million in the full year ended June, compared to earnings of $12.3 million a year ago.

This was mainly attributable to the absence of one-off gains recorded in FY2016.

The group in FY2016 recorded a fair value gain of $4.5 million on its investment in China Cord Blood Corporation, which was disposed of in Oct 2015.

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