Global Yellow Pages posts 3Q net loss on absence of share of results

SINGAPORE (May 13): Global Yellow Pages posted a net loss of $30,000 in 3Q16 compared to earnings of $0.4 million in 3Q15 on absence of share of results of associated companies.

Excluding the $1.5 million income for the share of results of Yamada Green Resources which has since been reclassified as available-for-sale financial asset, the group says 3Q16 would have seen a ”significant improvement in operating results compared to the adjusted net loss of $1.1 million in 3Q15”.

3Q16 revenue grew 63.0% to $7.6 million, bringing 9M16 revenue to $28.3 million, some 30.1% higher than the $21.8 million posted in 9M15.

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