Brief: Blumont Group In reports Q1 results

Southern Archipelago

26/04/2017 12:44

April 26 (Reuters) - Blumont Group Ltd  BLUM.SI  
    * In 1Q2017, group recorded an unaudited net profit after 
tax of s$39,000, compared to net loss after tax of s$6.97 
million 
    * Qtrly revenue s$869,000 versus s$899,000 
    * Board believes that uncertainties exists and group expects 
business conditions to remain challenging 
    * Group's sterilisation business is expected to generate 
approximately s$1.1 million of cash inflow to group in financial 
year 2017 
    * Group is currently pending to dispose one unit clear water 
residence in Malaysia which is valued at approximately s$0.3 
million 
    * Group is expecting to realise sale of clear water 
residence in financial year 2017 
 
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