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Attilan Group Announces Net Loss Of $3.4 Million For 1H15
Daily Bulletin | 17 August 2015

Attilan Group announced a net loss of $3.4 million for 1H15, as revenue fell 64.4 percent following the disposal of subsidiaries in FY14.

Administrative expenses decreased by $1.7 million due to lower employee cost and other administrative expenses, while other expenses decreased by $4.9 million as the group recorded lower fair value loss on financial assets.

The group recorded a loss from operations of $2.2 million which was further weighed down by finance costs and share of loss of associated companies being $0.7 million and $0.5 million respectively.

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