Chinese Global Investors Group Ltd. Reports Unaudited Consolidated Earnings Results for the Year Ended June 30, 2018
Chinese Global Investors Group Ltd. reported unaudited consolidated earnings results for the year ended June 30, 2018. For the year, the company reported revenue of SGD 8,780,552 against SGD 10,987,148 a year ago, decreased by 20.1%. Loss before income tax was SGD 3,051,353 against SGD 3,044,086 a year ago. Loss for the year from continuing operations was SGD 3,050,538 against SGD 3,044,316 a year ago. Loss for the year attributable to owners of the company was SGD 3,050,538 against SGD 2,970,503 a year ago. Net cash used in operating activities was SGD 981,069 against SGD 1,051,905 a year ago. Purchase of plant and equipment was SGD 178,824 against SGD 54,519 a year ago. Basic and fully diluted loss per share was 0.33 cents against 0.32 cents a year ago.