Vibrant Group Q1 net profit up 10.3%

SINGAPORE - Logistics firm Vibrant Group reported on Thurday that first-quarter net profit rose 10.3 per cent to $7.5 million.

Revenue for the three months to July 31 inched down 4.9 per cent to $48.1 million, owing to a fall in revenue from the freight and logistics business, and provision for financial services.

Quarterly earnings per share was 0.29 cent, up from 0.27 cent a year earlier, while net asset value share was 14.62 cents as at July 31, up from 14.28 cents as at April 30.

rachaelb@sph.com.sg