Home Capital Results

Oxley’s FY16 earnings more than double to $206 mil

PC Lee
PC Lee8/29/2016 07:35 AM GMT+08  • 2 min read
Oxley’s FY16 earnings more than double to $206 mil
SINGAPORE (Aug 29): Oxley Holdings, the property developer, reported a more than doubling of full-year earnings to $206 million from a year ago on higher sales recoginition of units sold.
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 (Aug 29): Oxley Holdings, the property developer, reported a more than doubling of full-year earnings to $206 million from a year ago on higher sales recoginition of units sold.

Full-year revenue surged by 40% to $981.4 million. due to sales recognition on eight of its residential and mixed-use projects in line with the construction progress, based on percentage of completion method; revenue recognition of the industrial project [email protected] Sunview based on completion of construction as well as rental income generated by investment properties.

Notably, the group’s 70% stake in [email protected] Tampines also contributed to the rental income for FY16. Oxley also recognised higher other credits of S$7 7.3 million, fuelled by a gain on disposal of a long-term investment of $25.6 million and higher fair value gain on investment properties of $47.2 million.

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