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GK Goh reports 67% fall in 4Q earnings to $7.9 mil

PC Lee
PC Lee • 2 min read
GK Goh reports 67% fall in 4Q earnings to $7.9 mil
SINGAPORE (Feb 26): GK Goh, the investment holding company, reported a 67% fall in 4Q earnings to $7.9 million from $24.2 million a year ago.
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SINGAPORE (Feb 26): GK Goh, the investment holding company, reported a 67% fall in 4Q earnings to $7.9 million from $24.2 million a year ago.

Operating revenue for 4Q fell 10% lower at $32.1 million from $35.8 million a year ago mainly because of a reduction in gains from long-term investments.

But total cost and expenses rose 34% to $27.2 million as employees' compensation and related costs rose 64% to $21.9 million.

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