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Trendlines 2Q turns profitable compared to a year ago

PC Lee
PC Lee8/7/2017 6:34 PM GMT+08  • 2 min read
Trendlines 2Q turns profitable compared to a year ago
SINGAPORE (Aug 7): Trendlines, the investor, incubator and developer of early-stage, high-medical and agricultural technology companies in Israel, has reported 2Q earnings of US$2.4 million compared to a loss of US$4.6 million a year ago.
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SINGAPORE (Aug 7): Trendlines, the investor, incubator and developer of early-stage, high-medical and agricultural technology companies in Israel, has reported 2Q earnings of US$2.4 million compared to a loss of US$4.6 million a year ago.

This came after total income swung to a gain of US$5.4 million from a loss of US$2.9 million.

There was a gain in fair value of investments of US$3.8 million compared to a loss of US$4.7 million due to a net increase of US$0.7 million in the fair market value of various portfolio companies as well as an increase of US$3.2 million in the fair value of the Most Valuable Portfolio Company.

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