Blumont reports smaller net loss in 3Q; says mineral and energy business remains risky

SINGAPORE (Oct 26): Blumont Group reported 3Q net loss narrowed 10% to $3.9 million from a year ago as revenue rose 5% to $853,000.

The group recorded a smaller net other loss of $0.5 mil, an improvement from net other loss of $2.7 mil a year ago.

This was due to lower net currency loss and lower net loss on disposal of financial assets.

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