SINGAPORE (Feb 14): Global Yellow Pages has posted earnings of $3.9 million for 2Q17, a 9.8% decrease over the earnings of $4.3 million in 2QFY16.
Revenue for the quarter to December rose 6.1% to $12 million, on the back of the income contribution from newly acquired SAPL Group. The increase was mitigated by the weaker performance at its search and direct sale businesses.
Other income, which includes rental income from the Yellow Pages building, fell 3.7% to $833,000.
Other gains rose from $34,000 to $612,000 from the gain on disposal of shares in Yamada Green Resources and higher unrealised revaluation foreign exchange gains.
Total expenses rose 30.8% to $9.6 million, due to the operations at SAPL Group.
Global Yellow Pages said that it has received the consent from the Queenstown Lakes District Council to develop its freehold land plot in Queenstown, New Zealand. The group plans to develop 225 homes on the site.
The group did not declare any dividends in the current financial period.
Shares in Global Yellow Pages closed 0.2 cents higher at 18 cents on Tuesday.
