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Global Investments 4Q earnings surge to $21.8 mil on higher revenue

Samantha Chiew
Samantha Chiew2/21/2018 11:29 AM GMT+08  • 2 min read
Global Investments 4Q earnings surge to $21.8 mil on higher revenue
SINGAPORE (Feb 21): Global Investments, the mutual fund company incorporated in Bermuda, announced that its 4Q17 earnings surged to $21.8 million, compared to $0.3 million in 4Q16.
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SINGAPORE (Feb 21): Global Investments, the mutual fund company incorporated in Bermuda, announced that its 4Q17 earnings surged to $21.8 million, compared to $0.3 million in 4Q16.

This brought FY17 earnings to $39.0 million, 128.1% higher than $17.1 million in FY16.

Revenue for the current quarter was more than three times higher at $21.4 million from $6.0 million a year ago, mainly due to the net gain on sale of investments of $16.8 million as compared to $0.3 million in 4Q16, but the increase was slightly offset by lower interest income and lower gain on financial assets designated as fair value through profit or loss.

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