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GL Limited 2Q earnings fall 15% to $15 mil on forex-related costs

Michelle Zhu
Michelle Zhu2/2/2018 05:27 PM GMT+08  • 2 min read
GL Limited 2Q earnings fall 15% to $15 mil on forex-related costs
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SINGAPORE (Feb 2): GL Limited, formerly known as GuocoLeisure, posted a 15% decline in 4Q18 earnings to US$11.6 million ($15.2 million) from US$13.5 million in the same period a year ago on higher costs brought about by foreign exchange (forex) changes.

This brings the group’s earnings for the half year to US$29 million, up 18% from US$24.6 million in 2H17.

Revenue for the quarter grew 2% to US$88.7 million due to favourable forex gains, namely from a stronger GBP and AUD against the USD.

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