KLE Group reports loss during July to September quarter

Despite a double-digit increase in revenue, the KLE Group racked up increased financial losses during the July to September quarter.

It suffered a J$12.4 million loss up from J$1.5 million last year.

KLE said it was unable to pass on certain prices increases due to competition and the situation was compounded by the economic downturn.

The reorganisation of  the company's corporate profile and start-up costs related to the Famous night club also impacted the results. 


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