Trendlines: FY15 net loss widened to 17.2% to US$3.3m, but this includes US$3.8m one-off expense from the conversion of its redeemable convertible loans (RCL) upon IPO. Income sources grew 16.2%, largely driven fair value gains of portfolio companies (+164%), while total expenses ex-RCL conversion costs fell 30.4%.
Note however, due to Trendline’s business nature, earnings (or the lack of) can be very volatile from year to year, due to the many moving parts (gains/ losses, impairments, taxes, marketing, R&D)
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