SINGAPORE (May 14): Property developer GSH Corp reported a 70.3% fall in 1Q earnings to $329,000, down from S$1.1 million a year ago.
Correspondingly, earnings per share fell to 0.017 cent from 0.057 cent a year ago.
Revenue rose 7.6% to $26.2 million.
But cost of sales rose 17.6% year-on-year while finance expenses rose 28.2% to $5.5 million.
GSH shares closed unchanged at 28.5 cents on Monday before the results were announced.