Rowsley

Rowsley: 2QFY14 loss widened to $2.4m from $51k in 2QFY13 mainly due to other expenses incurred from the acquisitions of RSP Architects and the vacant land located in the Iskandar development region. NAV per share quadrupled to 16.12cents (+348%) primarily attributed to the provisional goodwill arising from the acquisitions. Going into the next four quarters, RSP will design the 92,310 sqm land development known as Vantage Bay, into an integrated mixed-use complex comprising residential apartments, mall, commercial offices and hotel. Further, group will work on the iconic development, Jewel, as the local architect and structural engineer.