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OKH Global swings back to the black in 2Q; narrows 1H losses

PC Lee
PC Lee2/13/2017 07:08 PM GMT+08  • 2 min read
OKH Global swings back to the black in 2Q; narrows 1H losses
SINGAPORE (Feb 13): Integrated property developer OKH Global posted 2Q earnings of $859,000 for the 2Q17 ended Dec, reversing from a loss of $2.1 million in 2Q16 on higher gross profit margin from property investment.
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SINGAPORE (Feb 13): Integrated property developer OKH Global posted 2Q earnings of $859,000 for the 2Q17 ended Dec, reversing from a loss of $2.1 million in 2Q16 on higher gross profit margin from property investment.

However, OKH Global still registered a loss of $1.03 million for 1H17 although this was 86.8% smaller than the loss of $7.8 million in 1H16.

Revenue for 2Q17 fell 13.2% to $2.9 million while cost of sales fell 35.2% to $1.5 million.

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