Net Pacific Financial Holdings (SGX:5QY) posted a wider attributable loss in the first quarter after higher operating expenses, due to increased professional fees related to the purchase of a 51% stake in Saint Pearl, offset revenue growth, according to a Wednesday filing with the Singapore Exchange.
The financial group's attributable loss was HK$3.7 million, or HK$0.0070 per share, compared with HK$873,000, or HK$0.0017 per share, a year earlier.
Revenue for the three months ended March 31 jumped 17% year over year to HK$961,000 from HK$821,000, boosted by the golf business, the filing said.
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