Other operating expenses fell significantly by 52.8% over the quarter to $8.1 million compared to $17.3 million in the previous year due to lower loss in fair value of investment properties.
SINGAPORE (Nov 9): TA Corp, the property construction group, has reported a loss of $4.2 million for the third quarter ended Sept, a 57.6% improvement from its $10 mil loss posted in 3Q16, mainly due to lower impairment loss on investment properties.
Revenue for the quarter grew by 2% to $51.1 million from $50.1 million a year ago. In line with the higher revenue, gross profit increased 0.7% to $9.3 million from $9.2 million in 3Q16.
