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SingHaiyi reports 71% fall in 4Q18 earnings to $6.5 mil on lower other income

PC Lee
PC Lee5/24/2018 07:19 PM GMT+08  • 2 min read
SingHaiyi reports 71% fall in 4Q18 earnings to $6.5 mil on lower other income
SINGAPORE (May 24): SingHaiyi Group, diversified real estate company, reported a 70.7% fall in 4Q18 earnings of $6.5 million from a year ago on lower other income.
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SINGAPORE (May 24): SingHaiyi Group, diversified real estate company, reported a 70.7% fall in 4Q18 earnings of $6.5 million from a year ago on lower other income.

For the full FY18, earnings came in 3.7% higher to $32.3 million.

In 4Q18, revenue soared to $27.5 million compared to $8.2 million a year ago, arising mainly from the revenue recognised for the group’s completed EC and private condo project, The Vales and City Suites.

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