GuocoLeisure FY profit falls 43 percent on smaller Bass Strait royalty, more tax

Thu, 29 Aug 2013

Aug. 30 (BusinessDesk) - GuocoLeisure, the diversified investment company once known as Brierley Investments, reported a 43 percent decline in full-year profit after getting a reduced Bass Strait oil and gas royalty and paying more tax. Profit fell to US$43.6 million in the 12 months ended June 30, from US$77 million a year earlier, the Singapore-based company said in a statement. Revenue climbed 2.8 percent to $380.3 million, while the Bass Strait royalty fell about 17 percent to US$44.6 million. The drop in royalty, which comes from oil an...

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