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Pan Hong's FY18 earnings halved to $5.2 mil on lower revenue & margins

Michelle Zhu
Michelle Zhu5/28/2018 07:24 AM GMT+08  • 2 min read
Pan Hong's FY18 earnings halved to $5.2 mil on lower revenue & margins
SINGAPORE (May 28): Property developer Pan Hong Holdings reported earnings of RMB24.6 million ($5.2 million) for the FY18 ended March, representing a 60.8% decline from its FY17 earnings of RMB62.7 million a year ago on lower revenue and margins, as well
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SINGAPORE (May 28): Property developer Pan Hong Holdings reported earnings of RMB24.6 million ($5.2 million) for the FY18 ended March, representing a 60.8% decline from its FY17 earnings of RMB62.7 million a year ago on lower revenue and margins, as well as higher administrative expenses.

A final dividend of 1.5 cent has been proposed.

Revenue for the full year fell 45.4% to RMB386.8 million from RMB708.9 million a year ago due to lower handover of units for Phase 1 of Pan Hong Run Yuan and Phase 2 of Huzhou Hua Cui Ting Yuan as compared to a year ago.

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