Lion Asiapac's Q4 net loss improves by 94%

SINGAPORE - Lion Asiapac, which has dealings in lime manufacturing, steel trading, property development and investment holding, narrowed its fourth quarter net loss by 94 per cent.

Net loss for the three months to June 30 was S$2.71 million, while revenue plunged 70 per cent to S$1.96 million compared with the same period a year earlier.

Quarterly loss per share was 3.35 cents, up from a loss of 59.68 cents a year earlier, while net asset value per share was 83.08 cents as at June 30, down from 90.68 cents as at June 30 last year.

rachaelb@sph.com.sg