World Class Global reported a smaller loss in the first-half, helped by foreign exchange gains.
Property development services provider said losses narrowed to about S$3 million in the six months ended June 30 from S$4.7 million in the correponding period last year.
The Group, which got listed on the Catalist board of the SGX on June 15, recorded a net foreign exchange gain of S$3.3 million, mainly due to the strengthening of AUD against Singapore Dollars.
Equity attributable to owners of the company rose to S$103.8 million as at 30 June 2017 from S$79.2 million as at 31 December 2016, due to an increase in share capital and other reserves.
The increase in share capital was due to the issuance of new ordinary shares in the capital of the company pursuant to the IPO while the rise in other reserves was mainly due to foreign currency translation gain.
The Group's total assets of S$667.9 million as at June 30 was S$117.0 million higher than that as at December 31, 2016, mainly due to an increase in development properties and properties held for sale.
World Class Global shares jumped 4.1 percent to S$0.255 on the Singapore Exchange.
