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Wee Hur 4Q earnings triple to $7.8 mil on higher revenue

Michelle Zhu
Michelle Zhu3/1/2018 07:22 PM GMT+08  • 2 min read
Wee Hur 4Q earnings triple to $7.8 mil on higher revenue
SINGAPORE (Mar 1): Property developer Wee Hur Holdings saw earnings more than triple to $7.8 million in 4Q17 from $2.2 million in 4Q16 on the back of higher revenue.
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SINGAPORE (Mar 1): Property developer Wee Hur Holdings saw earnings more than triple to $7.8 million in 4Q17 from $2.2 million in 4Q16 on the back of higher revenue.

Revenue for the quarter grew 11% to $40.5 million in 4Q17 from $36.6 million in 4Q16 due to higher contributions from on-going construction projects.

The group also saw higher cost savings in terms general & administrative expenses, marketing & distribution costs, and finance costs after finalising accounts of some its completed construction projects.

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