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Vibrant Group posts 66% fall in full-year earnings to $3.4 mil

Jude Chan
Jude Chan6/29/2017 7:28 PM GMT+08  • 2 min read
Vibrant Group posts 66% fall in full-year earnings to $3.4 mil
SINGAPORE (June 29): Vibrant Group saw earnings for FY17 ended April fall 65.9% to $3.4 million, from $10.0 million a year ago.
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SINGAPORE (June 29): Vibrant Group saw earnings for FY17 ended April fall 65.9% to $3.4 million, from $10.0 million a year ago.

The group's freight and logistics segment reported a net loss of $5.1 million, compared to a profit after tax of $2.4 million a year ago.

This was mainly due to the absence of accretion of deferred revenue, which was fully amortised as a result of the leases expired in November 2015 with Sabana REIT in FY16.

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