Home Capital Results

Far East Orchard posts 37% rise in 1Q earnings to $7.7 mil

Stanislaus Jude Chan
Stanislaus Jude Chan4/24/2018 07:02 PM GMT+08  • 2 min read
Far East Orchard posts 37% rise in 1Q earnings to $7.7 mil
SINGAPORE (Apr 24): Far East Orchard saw its earnings climb 36.9% to $7.7 million for the 1Q ended March, from $5.6 million a year ago.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Apr 24): Far East Orchard saw its earnings climb 36.9% to $7.7 million for the 1Q ended March, from $5.6 million a year ago.

The group’s 1Q18 gross profit rose 12.5% to $15.2 million, despite sales revenue dipped marginally by 0.7% to $39.2 million during the quarter.

The improvement was due to higher sales from Oasia Suites Kuala Lumpur and the opening of two student accommodation properties in Newcastle, which overcame a decline in sales from its hospitality business in Australia.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now