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Singhaiyi posts 52% earnings decline for 3Q

Gwyneth Yeo
Gwyneth Yeo2/9/2017 07:19 PM GMT+08  • 2 min read
Singhaiyi posts 52% earnings decline for 3Q
SINGAPORE (Feb 9): Singhaiyi property group reported earnings of $1.2 million for 3Q17, a 52% decrease from the earnings of $2.5 million in 3Q16.
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SINGAPORE (Feb 9): Singhaiyi property group reported earnings of $1.2 million for 3Q17, a 52% decrease from the earnings of $2.5 million in 3Q16.

For the quarter to December, revenue rose 20.8% to $12 million, from the sale of completed units in Vietnam Town in US.

However, this was dragged down by lower rental income owing to the ongoing asset enhancement initiative at Tri-County Mall in US.

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