Home Capital Results

SingHaiyi reports 6% rise in FY17 earnings to $31.1 mil on exceptional gain

PC Lee
PC Lee5/23/2017 8:16 PM GMT+08  • 2 min read
SingHaiyi reports 6% rise in FY17 earnings to $31.1 mil on exceptional gain
SINGAPORE (May 23): Property group SingHaiyi reported a 6.1% rise in FY17 earnings to $31.1 million from a year ago on gain from TripleOne Somerset.
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 (May 23): Property group SingHaiyi reported a 6.1% rise in FY17 earnings to $31.1 million from a year ago on gain from TripleOne Somerset.

For FY17 under review, revenue fell 83.6% to $44.2 million. In the US, the group’s property portfolio generated higher revenue of $34.6 million compared to $18.1 million a year ago.

The higher revenue was generated from the sale of several completed residential units at Vietnam Town but was offset by lower rental income from its Tri-County Mall property in Cincinnati, Ohio, as a result of ongoing Asset Enhancement Initiatives.

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.