Home Capital Results

Vibrant’s 1Q earnings fall 95% to $0.4 mil

PC Lee
PC Lee9/13/2016 06:27 PM GMT+08  • 1 min read
Vibrant’s 1Q earnings fall 95% to $0.4 mil
SINGAPORE (Sept 13): Vibrant Group says earnings for 1Q ended July tumbled 94.9% to $387,000 from $7.5 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Sept 13): Vibrant Group says earnings for 1Q ended July tumbled 94.9% to $387,000 from $7.5 million a year ago.

This was mainly due to a $399,000 loss of associates, compared to a $5.5 million profit of associates a year ago.

Although 1Q revenue fell 4.6% to $45.8 million, cost of sales dropped 14.6% to $30.8 million from a year ago, resulting to 25.3% higher gross profit.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now