Group earnings before interest, tax, depreciation, and amortisation (EBITDA) stood at $1.6 million, 79% lower compared to $7.8 million a year ago after the group recorded fair value gains of $2.9 million, 68% lower than the $9 million recorded a year ago.
SINGAPORE (April 26): Rowsley, the diversified property company with businesses in design and engineering, real estate development and hospitality, swung to a net loss of $1.6 million for 1Q17 ended March from a profit of $4.8 million last year.
Its bottomline was dragged down by lower other income, higher staff costs, a net foreign exchange loss and smaller fair value gain.
