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.
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)
