Gain in investment income returns G K Goh to the black in Q2
Stockbroker GK Goh Holdings has returned to the black, thanks to a big improvement in its investment income.
It posted a second quarter net profit of $5.6 million, reversing from a loss of $2 million in the same period last year.
Investment income amounted to $4.9 million during the quarter, against a loss of $1.6 million.
Commission and broking revenue rose by 32 per cent to $5.6 million.