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Ho Bee Land sees earnings surge nearly five times to $225.0 million in 2HFY2021

Felicia Tan
Felicia Tan2/28/2022 05:48 PM GMT+08  • 3 min read
Ho Bee Land sees earnings surge nearly five times to $225.0 million in 2HFY2021
A first and final dividend of 10 cents per share has been declared, which will be paid on May 20.
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Ho Bee Land has reported earnings of $225.0 million in the 2HFY2021 ended December, some 4.8 times higher than earnings of $46.5 million in the corresponding period the year before.

The half-year period’s figures have boosted the developer’s FY2021 earnings to $330.5 million, 141% higher than FY2020’s earnings of $137.1 million.

The boost in earnings were attributed to the contributions from development properties, says Ho Bee Land in its Feb 28 release.

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