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Global Yellow Pages reports lower Q1 loss

Published on Sep 3, 2014 8:36 PM

SINGAPORE - Global Yellow Pages reported a net loss of $650,000 for the first quarter, down 4.6 per cent from $680,000 in the same period a year ago.

This was largely due to a dip in revenue from its search solutions business, the firm said in a statement on Wednesday.

Revenue for the three months to June 30 came in at $4 million, down 8.5 per cent from $4.38 million in the corresponding period a year earlier.

Its expenses incurred during the quarter were $6.1 million - 7 per cent higher than what was spent in the same quarter last year, thanks to legal and professional fees incurred from the intended acquisition of the Gloria Jean's Coffees chain.

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