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Tuan Sing 4Q earnings more than double to $119.5 mil on fair value gains

Michelle Zhu
Michelle Zhu1/31/2019 07:30 AM GMT+08  • 2 min read
Tuan Sing 4Q earnings more than double to $119.5 mil on fair value gains
SINGAPORE (Jan 31): Tuan Sing Holdings reported earnings of $119.5 million for 4Q18, rising 140% from $49.8 million a year ago on higher fair value gains.
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SINGAPORE (Jan 31): Tuan Sing Holdings reported earnings of $119.5 million for 4Q18, rising 140% from $49.8 million a year ago on higher fair value gains.

The latest set of quarterly results brings Tuan Sing’s FY18 earnings to a total of $134.4 million, up 115% from $62.6 million in the previous year.

Revenue for the quarter fell 13% to $83.3 million from $96.1 million previously, mainly due to lower sales of residential development projects and a decrease of revenue from the hotels business.

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