Global Investments swings back to black in 1Q on financial assets fair value gain

SINGAPORE (May 13): Global Investments (GIL) reported 1Q19 profit after tax of $12.9 million, or 0.75 cents per share, reversing from a 1Q18 loss of $2.2 million a year ago.

GIL, managed by Singapore Consortium Investment Management and listed since 2006, invests in a diversified portfolio of assets in different sectors. These include direct asset ownership, credit default swaps, debts, warrants, options, convertibles, preference shares and equity.