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HL Global posts 45.2% drop in 3Q earnings to $0.3 mil

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
HL Global posts 45.2% drop in 3Q earnings to $0.3 mil
SINGAPORE (Nov 2): HL Global Enterprises posts a 45.2% decline in earnings to $276,000 in the 3Q ended September, from $504,000 a year ago.
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SINGAPORE (Nov 2): HL Global Enterprises posts a 45.2% decline in earnings to $276,000 in the 3Q ended September, from $504,000 a year ago.

Revenue fell 15.3% to $3.1 million for 3Q17, from $3.7 million a year ago.

This was partially due to lower occupancy at Elite Residences Shanghai, which was affected by shorter tenancy leases introduced pending the completion of a proposed disposal.

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