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Sing Holdings posts 43% rise in 2Q earnings to $2.9 mil

Samantha Chiew
Samantha Chiew8/10/2017 8:3 PM GMT+08  • 2 min read
Sing Holdings posts 43% rise in 2Q earnings to $2.9 mil
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.
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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

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