SINGAPORE (May 9): Hatten Land saw a net loss of RM13.2 million ($4.4 million) in 3Q18 ended March compared to a net loss of RM72.5 million a year ago in 3Q17 when the group reported a one-off expenses of RM87.8 million relating to the reverse takeover of VGO Corporation.

Revenue for 3Q18 fell 48.1% to RM85.5 million mainly due to lower revenue recognised for Hatten City Phase 2 project and lower sales from Hatten City Phase 1 project in 3Q18. The revenue decline was partially offset by the higher revenue contribution from Harbour City and Satori projects.

Read more at The Edge Singapore.