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OKH Global sinks into the red in 3Q17

Jude Chan
Jude Chan5/12/2017 06:09 PM GMT+08  • 1 min read
OKH Global sinks into the red in 3Q17
SINGAPORE (May 12): Integrated property developer OKH Global sank to loss of $25.0 million in the third quarter ended March, compared to earnings of $3.0 million in the corresponding period last year.
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SINGAPORE (May 12): Integrated property developer OKH Global sank to loss of $25.0 million in the third quarter ended March, compared to earnings of $3.0 million in the corresponding period last year.

This was mainly due to higher cost incurred in its development projects.

General and administrative expenses surged to $26.6 million in 3Q, from $4.7 million a year ago.

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