Revenue for the current quarter was more than three times higher at $21.4 million from $6.0 million a year ago, mainly due to the net gain on sale of investments of $16.8 million as compared to $0.3 million in 4Q16, but the increase was slightly offset by lower interest income and lower gain on financial assets designated as fair value through profit or loss.
SINGAPORE (Feb 21): Global Investments, the mutual fund company incorporated in Bermuda, announced that its 4Q17 earnings surged to $21.8 million, compared to $0.3 million in 4Q16.
This brought FY17 earnings to $39.0 million, 128.1% higher than $17.1 million in FY16.
