SINGAPORE (Feb 13): Property developer Bukit Sembawang Estates saw its earnings tumble 47% to $23.7 million for 3QFY2019/20 ended December 2019, from $44.6 million a year ago.

Earnings per share dropped to 9.15 cents in 3QFY2019/20, from 17.24 cents in 3QFY2018/19.

3QFY2019/20 revenue fell 36% to $78.4 million, due to lower revenue recognised on development projects.

To continue reading,

Sign in to access this Premium article.

Subscription entitlements:

Less than $9 per month
3 Simultaneous logins across all devices
Unlimited access to latest and premium articles
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)

Stay updated with Singapore corporate news stories for FREE

Follow our Telegram | Facebook