Property investment and property development company Chuan Hup has recorded earnings of US$13.3 million ($18.0 million) in its latest FY2021 ended June earnings, reversing from a lost of US$17.1 million in FY2020. 

This was despite a 22.4% drop in revenue to US$19.6 million from US$25.2 million a year ago, mainly attributable to lower sales contribution from development property projects Concerto and One Kennedy.

See also: Chuan Hup in JV with Siera Group to develop land site in Queensland

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