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Ho Bee Land posts 14.1% decline in 2Q earnings to $36.1 mil on lower revenue

Michelle Zhu
Michelle Zhu8/7/2017 5:20 PM GMT+08  • 2 min read
Ho Bee Land posts 14.1% decline in 2Q earnings to $36.1 mil on lower revenue
SINGAPORE (Aug 7): Property group Ho Bee Land has announced earnings of $36.1 million for the 2Q17 ended June, 14.1% lower compared to the group’s $42 million earnings posted in 2Q16 on lower revenue.
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SINGAPORE (Aug 7): Property group Ho Bee Land has announced earnings of $36.1 million for the 2Q17 ended June, 14.1% lower compared to the group’s $42 million earnings posted in 2Q16 on lower revenue.

This translates to earnings of 5.42 cents per share for the quarter compared to 6.31 cents in 2Q16.

Revenue for 2Q17 fell 75.3% to $43.4 million from $175.5 million in 2Q16.

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