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Pan Hong's FY20 earnings surge 107.4% to $22.5 mil on higher revenue and lower finance costs

Felicia Tan
Felicia Tan5/28/2020 07:26 PM GMT+08  • 2 min read
Pan Hong's FY20 earnings surge 107.4% to $22.5 mil on higher revenue and lower finance costs
Revenue for the full year increased by 120.1% y-o-y to RMB643.9 million attributable to the larger control of more residential units of Pan Hong Run Yuan Phase 2, compared to a year ago.
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SINGAPORE (May 28): Property developer Pan Hong Holdings reported a surge in earnings to RMB 113.6 million (S$22.5 million) for FY20 ended March, a 107.4% increase from RMB 54.8 million in FY19.

A final dividend of 1.5 cents per share has been proposed.

Revenue for the full year increased by 120.1% y-o-y to RMB643.9 million attributable to the larger control of more residential units of Pan Hong Run Yuan Phase 2, compared to a year ago.

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