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Imperium Crown in the red; posts 1H losses of $14.8 mil on lower revenue and higher operating expenses

Samantha Chiew
Samantha Chiew2/9/2018 06:37 PM GMT+08  • 2 min read
Imperium Crown in the red; posts 1H losses of $14.8 mil on lower revenue and higher operating expenses
SINGAPORE (Feb 9): Imperium Crown, the property investment and property development group, recorded a loss of $14.8 million in 1H18 compared to earnings of $0.65 million in 1H17.
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SINGAPORE (Feb 9): Imperium Crown, the property investment and property development group, recorded a loss of $14.8 million in 1H18 compared to earnings of $0.65 million in 1H17.

Revenue dropped 66.8% to $0.83 million from $2.49 million last year, due to lower revenue contribution following the divestment of four of the group’s properties in Japan.

Property operating expenses was 0.7% higher at $0.93 million compared to $0.92 million a year ago, 8due to higher commission expenses incurred in connection with the divestment of the four Japanese properties.

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