Reclaims Global fiscal 2019 profit tumbles 91.6% on listing-related expenses

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Reclaims Global fiscal 2019 profit tumbles 91.6% on listing-related expenses
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LISTING-RELATED expenses of S$2.6 million pared down Reclaims Global's net profit for fiscal 2019. Read more at The Business Times.

LISTING-RELATED expenses of S$2.6 million pared down Reclaims Global's net profit for fiscal 2019.

The expenses, incurred for its listing on the Singapore Exchange's Catalist board on March 11, 2019, included an equity-settled share-based payment of S$1.8 million. The company has raised gross proceeds of S$4.4 million from the initial public offering.

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