SINGAPORE (Feb 26): GK Goh, the investment holding company, reversed into losses of S$9.4 million in 4QFY18, from a profit of S$8.5 million in 4QFY17.

Various factors contributed to this, in particular the sharp declines seen in major equity markets in the fourth quarter, which led to investment losses of S$6.4 million, compared to income of S$11.2 million in 4QFY17.

In addition, both Boardroom and Opal Aged Care Group were affected by a combination of one-time costs and accounting changes. The group’s net loss, excluding these non-recurring items, would have been...(click on link for full story on theedgesingapore.com)