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Vibrant Group 3Q earnings fall 85% to $1.3 mil

Jude Chan
Jude Chan3/14/2017 06:29 PM GMT+08  • 1 min read
Vibrant Group 3Q earnings fall 85% to $1.3 mil
SINGAPORE (March 14): Vibrant Group posted earnings of $1.3 million for the third quarter ended Jan 31, a decline of 85.2% from earnings of $8.7 million a year ago.
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SINGAPORE (March 14): Vibrant Group posted earnings of $1.3 million for the third quarter ended Jan 31, a decline of 85.2% from earnings of $8.7 million a year ago.

This was mainly due to the absence of the accretion of deferred revenue upon leases expiry with Sabana REIT, as well as decline in the fair value of investment property and lower foreign exchange gain.

In a filing to SGX on Tuesday, the group says its share of profits from associates also “decreased significantly” due to lower contribution from Plaza Ventures and Figtree Holdings.

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