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Sing Holdings 1Q earnings surge fourfold to $9.9 mil on higher sales

Samantha Chiew
Samantha Chiew5/7/2019 06:05 PM GMT+08  • 1 min read
Sing Holdings 1Q earnings surge fourfold to $9.9 mil on higher sales
SINGAPORE (May 7): Sing Holdings reported 1Q19 earnings increased 306.2% to $9.9 million from $2.4 million in 1Q18 on higher sales.
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SINGAPORE (May 7): Sing Holdings reported 1Q19 earnings increased 306.2% to $9.9 million from $2.4 million in 1Q18 on higher sales.

Revenue was 218.3% higher at $52.9 million from $16.6 million last year, comprising recognition of sales proceeds from development property and rental income from lease of an investment property.

As cost of sales increased by 219.9% y-o-y to $34.3 million, 1Q19 gross profit came in at $18.6 million, 215.4% higher than $5.9 million a year ago.

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