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SingHaiyi posts 12.8% increase in 3Q earnings to $1.4 mil even as revenue trebles

Stanislaus Jude Chan
Stanislaus Jude Chan2/7/2018 06:40 PM GMT+08  • 2 min read
SingHaiyi posts 12.8% increase in 3Q earnings to $1.4 mil even as revenue trebles
SINGAPORE (Feb 7): Property developer SingHaiyi Group saw its earnings grow 12.8% to $1.4 million for the 3Q ended December, from $1.2 million a year ago.
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SINGAPORE (Feb 7): Property developer SingHaiyi Group saw its earnings grow 12.8% to $1.4 million for the 3Q ended December, from $1.2 million a year ago.

Group revenue more than trebled to $41.7 million in 3Q18, from $12.0 million a year ago.

This was mainly due to revenue recognised for the group’s completed executive condominium (EC) project, The Vales.

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