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Roxy-Pacific posts 39% fall in 3Q earnings to $8.1 mil

Benjamin Cher
Benjamin Cher10/28/2016 06:33 PM GMT+08  • 1 min read
Roxy-Pacific posts 39% fall in 3Q earnings to $8.1 mil
SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.
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SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.

Revenue increased 4% to $90.9 million mainly from the Property Development segment which rose 5% to $76.2 million on revenue recognition from Trilive, LIV on Sophia and LIV on Wilkie.

Revenue from Hotel Ownership fell 2% to $11.5 million while revenue from Property Investment fell 0.4% to $3.2 million respectively.

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