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TIH back in the black in 3Q on higher fair value gains

Michelle Zhu
Michelle Zhu11/3/2016 07:11 PM GMT+08  • 2 min read
TIH back in the black in 3Q on higher fair value gains
SINGAPORE (Nov 3): Private equity fund TIH Limited announced earnings of $3.2 million for 3Q16, turning around from its loss of $3.1 million in the same quarter the year before.
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SINGAPORE (Nov 3): Private equity fund TIH Limited announced earnings of $3.2 million for 3Q16, turning around from its loss of $3.1 million in the same quarter the year before.

Total comprehensive income for the quarter stood at $10.5 million compared to a loss of $7.5 million in 3Q15.

This was boosted by the increase in fair value gain on available-for-sale investments of $7.3 million from the underlying quoted shares held through Fortune Code Limited; fair value gains of $3.7 million from unquoted equity investments; as well as interest income of $0.6 million arising from the loan granted to a portfolio company.

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