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Khong Guan swings back to profitability in 1H on investments

PC Lee
PC Lee3/16/2017 05:39 PM GMT+08  • 2 min read
Khong Guan swings back to profitability in 1H on investments
SINGAPORE (March 16): Khong Guan, the flour miller and manufacturer of biscuits, shifted back into profitability for the half year ended Jan.
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SINGAPORE (March 16): Khong Guan, the flour miller and manufacturer of biscuits, shifted back into profitability for the half year ended Jan.

With the stock market staging a recovery, the group said it took the opportunity to dispose of more of its short-term investments compared to the previous period.

The group also recorded an unrealised fair value gain of $15,000 on short-term investments compared to an unrealised fair value loss $1.08 million a year ago.

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