SINGAPORE (Aug 10): Sing Holdings, the property developer and investment group, announced that its 2Q earnings increased 42.9% to $2.88 million from $2.02 million last year.
For the second quarter ended June, the group recorded a 74.4% drop in revenue to $5.7 million. This comprised recognition sales proceeds from completed properties and rental income from lease of an investment property, Travelodge Docklands.
Other income rose 64.1% to $1.4 million mainly from rental income from completed properties, fair value gain on quoted equity shares and foreign exchange gain from repayment and revaluation of foreign currency bank loans
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)