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Home / Capital / Results

Raffles Education swings back into the black in FY18 on higher net fair value gain

Results

Raffles Education swings back into the black in FY18 on higher net fair value gain

PC Lee Published on Wed, Aug 29, 2018 / 10:06 PM GMT+8

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SINGAPORE (Aug 29): Raffles Education Corporation swung back into profitability in FY18 ended June with $10.7 million in earnings from a net loss of $1.8 million in FY17, thanks to a net fair value gain from its investment properties.

Earnings per share came in at 0.9 cent, a reversal from a loss per share of 0.17 cent in the previous year.

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