SINGAPORE (Aug 7): GK Goh, the investment holding company, reported 2Q17 profits from continuing operations of $4.4 million, compared to $1.7 million in 2Q16.
Total revenue from continuing operations grew 3% to $20.4 million. Corporate services revenue rose 4% to $18.1 million while investment income more than doubled to $1.9 million. Other income fell 76% to $351,000.
The change in the status of Habitat Assets from subsidiary to associate means that management fees earned from Habitat’s retirement villages in Australia are no longer included in GK Goh’s group revenues.
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