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New Silkroutes 3Q net loss narrows

Jude Chan
Jude Chan • 1 min read
New Silkroutes 3Q net loss narrows
SINGAPORE (May 9): New Silkroutes Group posted a net loss of US$294,000 ($413,000) for the third quarter ended March, improving from a loss of US$1.2 million a year ago.
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SINGAPORE (May 9): New Silkroutes Group posted a net loss of US$294,000 ($413,000) for the third quarter ended March, improving from a loss of US$1.2 million a year ago.

Revenue surged to US$125.4 million in 3Q17, compared to US$10.2 million a year ago.

This is mainly attributable to the increased oil sales by NSG’s wholly-owned oil trading subsidiary, International Energy Group.

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