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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