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k1 Ventures declares dividend of 2 cents despite 88% drop in 1Q earnings to $10.5 mil

Jude Chan
Jude Chan10/26/2016 06:08 PM GMT+08  • 1 min read
k1 Ventures declares dividend of 2 cents despite 88% drop in 1Q earnings to $10.5 mil
SINGAPORE (Oct 26): k1 Ventures posted earnings down 88% to $10.5 million for the first quarter ended Sept, compared to earnings of $87.3 million for 1Q15.
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SINGAPORE (Oct 26): k1 Ventures posted earnings down 88% to $10.5 million for the first quarter ended Sept, compared to earnings of $87.3 million for 1Q15.

Revenue for 1Q17 fell 86.2% to $12.3 million, from $89.3 million in the same period last year.

In a filing to SGX on Wednesday, k1Ventures says this was mainly due to a decrease in investment income from Knowledge Universe Holdings (KUH) and lower foreign exchange gain, partially offset by a decrease in operating expenses.

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