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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