Trendlines posts net loss in 2Q

SINGAPORE (Aug 10): The Trendlines Group has posted a US$4.6 million ($6.2 million) net loss for 2Q16, compared with earnings of $2.9 million in 2Q15.

For the quarter ended June, the group recorded a negative total income of US$2.9 million, compared with revenue of US$5.9 million a year ago.

The group also recorded a loss of US$4.7 million from the change in fair value of investments in portfolio companies.

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