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Vibrant Group's 3Q earnings plunge 89% to $0.1 mil despite higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan3/14/2018 06:26 PM GMT+08  • 2 min read
Vibrant Group's 3Q earnings plunge 89% to $0.1 mil despite higher revenue
SINGAPORE (Mar 14): Logistics, real estate, and financial services provider Vibrant Group saw its earnings plunge 88.6% to $0.1 million for the 3Q ended January, from $1.3 million a year ago.
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SINGAPORE (Mar 14): Logistics, real estate, and financial services provider Vibrant Group saw its earnings plunge 88.6% to $0.1 million for the 3Q ended January, from $1.3 million a year ago.

The decline was on the back of unrealised foreign exchange loss and higher finance costs.

Revenue more than trebled to $177.3 million in 3Q18, from $53.5 million a year ago. This was mainly contributed by Blackgold International Holdings (BIHL), which was acquired in July 2017.

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