The decrease in revenue from the real estate development and investment segment was mainly due to the decrease in sale arising from the handover of completed properties of Montigo Resorts, Nongsa during 3Q17.
SINGAPORE (Feb 13): KOP Limited sunk to a loss of $667,000 in 3Q17 from earnings of $231,000 in 3Q16.
Quarterly revenue for the three months ended Dec fell 37% to $5.3 million from $8.5 million. The decrease was mainly due to lower sales from the real-estate development and investment segment, real-estate origination and management services segment and hospitality segment. The decrease was partially offset by the increase in revenue from the entertainment segment.
