The net operating profits of the Proven Group rebounded to US$191,500 during the fourth quarter of its financial year, which ended March 31, compared with a net loss of US$5.35 million during the similar period last year.
The company, however, recorded a comprehensive loss of US$3.8 million during the period under review due to a fall in the fair value of its assets.
The group is also reporting that its net profits tumbled to US$2.1 million during the 12-month period which ended March 31, compared with US$12.3 million a year earlier, when it benefitted from a significant one-off gain.
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