WCG recorded a profit before tax of $1.7 million in 1Q18. Excluding net foreign exchange loss/gain, the group would have recorded profit before tax of $5.4 million and loss before tax of $2.1 million in 1Q18 and 1Q17, respectively.
SINGAPORE (May 7): World Class Global saw its earnings plunge 82% to $0.3 million for the 1Q ended March, from $1.9 million a year ago.
This was mainly due to a foreign exchange loss of $3.7 million in 1Q18 on the back of the weakening of the Australian dollar against the Singapore dollar, compare to a foreign exchange gain of $4.1 million a year ago.
