SINGAPORE (Yosefardi) – Gallant Venture Ltd. (GV), an investment holding company controlled by Salim Group, suffered loss of S$42.75 million in the first half of 2015, widened from loss S$19.62 million in the same period of 2014.
Revenue reached S$1.067 billion, compared to previous S$1.08 billion. GV’s assets totaled S$5.03 billion while liability amounted S$2.93 billion.
GV’s cash and bank balances as at 30 June 2015 were S$178.7 million. Its borrowings and debt securities were S$2.3 billion, of which S$816.7 million is related to financial services business of PT Indomobil Sukses Internasional Tbk (IMAS).
GV controls 71.49% stake in IMAS, holds 40% stake in PT Bintan Inti Industrial Estate, and wholly controls PT Batamindo Investment Cakrawala, Verizon Resorts Limited and Win Field Limited.