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Wee Hur posts 84% jump in 3Q earnings to $6.9 mil

Samantha Chiew
Samantha Chiew11/11/2019 06:00 PM GMT+08  • 2 min read
Wee Hur posts 84% jump in 3Q earnings to $6.9 mil
SINGAPORE (Nov 11): Property group Wee Hur Holdings recorded 3Q19 earnings of $6.9 million, representing an 84% jump from $3.8 million in 3Q18.
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SINGAPORE (Nov 11): Property group Wee Hur Holdings recorded 3Q19 earnings of $6.9 million, representing an 84% jump from $3.8 million in 3Q18.

The earnings growth was in line with a 53% increase in revenue to $51.8 million, compared to $33.9 million a year ago. The increase was mainly to higher revenue contribution from the group’s construction, as well as Australian-focused Purpose-built Student Accommodation business.

Cost of sales increased by 43% y-o-y to $36.2 million, bringing 3Q19 gross profit to $15.5 million, 81% higher than $8.6 million recorded in the previous year.

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