NextInsight: “3Q18 most profitable quarter since 2015 listing”
TRENDLINES GROUP: 3Q18 most profitable quarter since 2015 listing
By The NextInsight Team (8 November 2018)
Singapore-listed Trendlines Group has reported two firsts achieved in its 3Q18.
Chairman and CEO Steve Rhodes said, “For the first time, the value of Trendlines’ portfolio has crossed the US$100 million mark and stands at US$102.5 million (~SGD141 million).
“Additionally, Q3 2018 was our most profitable quarter since the Company’s listing in November 2015. Trendlines continues to successfully execute on its value-building business plan.”
Net income in Q3 2018 was US$3.1 million, compared to US$3 million in Q3 2017, for Trendlines which invents, discovers, invests in, and incubates innovation-based medical and agricultural technologies.