LionGold

LionGold: Continues to bleed as 3QFY14 net loss came in at $11.5m versus a net profit of $7.6m, taking 9MFY14 net loss to US$53.8m (9MFY13 net profit: $0.6m). Revenue dipped 2.6% to $34.2m, weighed by the group's PRC manufacturing operations which saw revenue decrease US$3.1m due to lesser units of products with higher value being shipped out, a reduction in selling price and the depreciation of the USD. Meanwhile, $14.9m of the quarter's revenue was attributable to gold mining operations. The vast disparity in bottom-line was largely due to Other income which decreased by S$19.9m to US$2.0m, led by fair value losses in the quarter and a one-off gain on disposal of an associated company in 3Q13.