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GL Limited 1Q earnings up 58% to $23.6 mil on absence of one-off provision

Stanislaus Jude Chan
Stanislaus Jude Chan10/19/2017 5:37 PM GMT+08  • 2 min read
GL Limited 1Q earnings up 58% to $23.6 mil on absence of one-off provision
SINGAPORE (Oct 19): GL Limited, formerly known as GuocoLeisure, reported a 58% increase in earnings to US$17.4 million ($23.6 million) for the 1Q ended September, from US$11.0 million a year ago.
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SINGAPORE (Oct 19): GL Limited, formerly known as GuocoLeisure, reported a 58% increase in earnings to US$17.4 million ($23.6 million) for the 1Q ended September, from US$11.0 million a year ago.

This was mainly due the absence of other operating expenses for a one-off provision for a legal claim against a subsidiary in the UK in 1Q17. GL did not record any other operating expenses in 1Q18, compared to other operating expenses of US$8.5 million incurred a year ago.

Revenue in 1Q18 was stable at US98.0 million, compared to US$97.8 million a year ago.

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