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SCMP Reporter

Far East Holdings International suffered a $9.36 million loss in the six months to June 30 due to continued losses on its foreign exchange forward contracts.

 It made a profit of $5.4 million in the same period last year.

 Stripping out the exceptional loss in foreign exchange, the company had an operating profit of $3.39 million, compared with a loss of $6.1 million last year.

 The improved figure arose from property investment and rental income in Singapore, an increase in visitors to Tang Dynasty City in Singapore and higher income from its golf resort in Seremban, Malaysia.



Far East in red