Investment company k1 Ventures reports full-year net profit

SINGAPORE - Investment holding firm k1 Ventures reported a 90.3 per cent increase in full-year net profit to S$24.9 million, said the firm on Monday.

Revenue for the 12 months to June 30 grew 91.6 per cent to S$60.6 million, compared with the same period a year ago.

Earnings per share was 1.15 cents, up from 0.59 cent for the same period last year.

Its net asset value per ordinary share was 10 cents, down from 12 cents at the end of June last year.