Cost of sales narrowed 16% to US$139.7 million mainly due to the weakening of GBP against USD and lower gaming duty associated with lower gaming revenue.
SINGAPORE (Aug 25): GL Limited, formerly known as GuocoLeisure, reported a 28% fall in FY17 earnings to US$49 million ($66.4 million) from US$67.6 million a year ago.
Full year revenue fell 11% to US$350.2 million from US$393.9 million due mainly to lower revenue generated by hotel, gaming and property development segments.
