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Vibrant 1Q earnings surge to $33.1 mil on one-off gains

Stanislaus Jude Chan
Stanislaus Jude Chan • 1 min read
Vibrant 1Q earnings surge to $33.1 mil on one-off gains
SINGAPORE (Sept 15): Vibrant Group saw its earnings jump to $33.1 million for the 1Q20 ended July, from $0.7 million a year ago.
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SINGAPORE (Sept 15): Vibrant Group saw its earnings jump to $33.1 million for the 1Q20 ended July, from $0.7 million a year ago.

This translated to earnings per share of 4.78 cents for 1Q20, compared to EPS of 0.11 cent in 1Q19.

This was mainly due to the gain on disposal of Jurong Island Chemical Hub, gain on sale of its 51.0% stake of Sabana Investment Partners, and disposal of units in Sabana Shari’ah Compliant Industrial Real Estate Investment Trust.

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