KUALA LUMPUR (Nov 20): OSK Ventures International Bhd (OSKVI) shares slumped 16.78% at mid-morning today, after it posted a net loss of RM15.06 million in 3QFY17, compared with a net profit of RM5.52 million recorded in the same quarter a year ago, mainly attributable to the decrease in income earned and net fair value loss on its financial instruments.

At 10.41am, OSKVI fell 12 sen to 59.5 sen, with 1.98 million shares done.

On Friday, OSKVI said there was a net fair value loss of RM15.26 million on its financial instruments, compared with a net fair value gain on financial instruments of RM4.18 million in 3QFY16.

However, quarterly revenue was at RM22.83 million, which is more than double the RM9.59 million which it had recorded in the same quarter last year.

For 9MFY17, the group's net profit jumped more than nine times to RM29.23 million, from RM3.07 million which it had registered in the previous nine-month period, while revenue almost tripled to RM73.96 million, from RM27.23 million.