Home Capital Results

Singapore Land 1HFY2022 earnings up 290% y-o-y on revaluation gains

The Edge Singapore
The Edge Singapore8/5/2022 06:23 PM GMT+08  • 2 min read
Singapore Land 1HFY2022 earnings up 290% y-o-y on revaluation gains
Clifford Centre, one of the properties under Singapore Land Group / Photo: Albert Chua
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Singapore Land Group has reported a revenue of $264 million for 1HFY2022, up 15% over the year-earlier period, thanks to a recovery in the tourism industry which helped lift its turnover for its hotels business.

However, as it is booking a $238.9 million revaluation gain on its real estate, the company's earnings for the same period is $359.8 million, up 290% y-o-y.

In its earnings commentary, Singapore Land Group notes that the pandemic situation appears to have stabilised and that the outlook for some sectors have strengthened.

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)
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.