Username
Password
Forget Password?
  1. Indices
  2. Commodities
  3. Currencies
Straits Times 3,126.14 -8.57 -0.27%
Hang Seng 26,848.49 +184.21 +0.69%
Dow Jones 27,007.09 +5.11 +0.02%
Shanghai Composite 2,977.33 -1.38 -0.05%
Lifebrandz FY15 Net Loss Worsens 33%
Daily Bulletin | 30 September 2015
By:

Lifebrandz announced a net loss of $7.6 million for FY15, an increase of 32.8 from the net loss of $5.7 million last year despite recording higher revenue.

Revenue increased 7.9 percent to $1.3 million mainly contributed by the new trading activities generated by the group. The trading business of component parts has been consistent and nurture positive business activity and profile within the group. The F&B club operations under the Mulligans concept maintained popularity and business activities with the regular crowd in Thailand.

However the increase in revenue was unable to cover the loss from discontinued operations as well as continued operations which were also in the red. The group recorded a loss of $1.8 million on the discontinued operations from the liquidation of the respective entities and the measurement of the assets and liabilities in FY15.


Join The Conversation
The Shares Investment editorial team welcomes constructive feedback on our coverage and content. We would also be delighted to answer any questions on the above article. Leave us a comment below, and we'll get back to you shortly!

All Rights Reserved. Pioneers & Leaders (Publishers) Pte Ltd. Best viewed with Mozilla Firefox 3.5 and above.