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Imperium Crown FY17 losses narrow to $6.7 mil on absence of a net fair value loss

PC Lee
PC Lee • 2 min read
Imperium Crown FY17 losses narrow to $6.7 mil on absence of a net fair value loss
SINGAPORE (Aug 25): Imperium Crown, the real estate developer, narrowed its net losses for FY17 to $6.7 million from $12.4 million in FY16.
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SINGAPORE (Aug 25): Imperium Crown, the real estate developer, narrowed its net losses for FY17 to $6.7 million from $12.4 million in FY16.

This was mainly due to the absence of a net fair value loss on investment properties of $16.5 million in FY16.

Group revenue for 12 months ended June grew 2.6% to $4.9 million compared to $4.7 million a year ago. The growth was driven mainly by an increase in revenue contribution from the group’s Hatchobori Place office property in Tokyo.

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