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Bukit Sembawang reports 4Q earnings surge to $21.5 mil on higher revenue

Stanislaus Jude Chan
Stanislaus Jude Chan5/24/2018 05:56 PM GMT+08  • 2 min read
Bukit Sembawang reports 4Q earnings surge to $21.5 mil on higher revenue
SINGAPORE (May 24): Bukit Sembawang Estates saw its earnings surge ninefold to $21.5 million in the 4Q ended March, from $2.3 million a year ago athough full-year earnings fell 23.7% to $55.3 million.
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SINGAPORE (May 24): Bukit Sembawang Estates saw its earnings surge ninefold to $21.5 million in the 4Q ended March, from $2.3 million a year ago athough full-year earnings fell 23.7% to $55.3 million.

4Q18 revenue more than doubled to $32.8 million, from $15.2 million a year ago, on the back of higher sales and higher profit recognition on development projects.

Other operating expenses fell 78.0% to $1.5 million in 4Q18, from $6.6 million a year ago.

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