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Wing Tai announces 14% lower 2H earnings of $18.2 mil in absence of one-off gain

Michelle Zhu
Michelle Zhu2/13/2019 05:51 PM GMT+08  • 2 min read
Wing Tai announces 14% lower 2H earnings of $18.2 mil in absence of one-off gain
SINGAPORE (Feb 13): Regional property and lifestyle group Wing Tai Holdings has reported 1H19 earnings of $18.2 million, 14% down from $21.1 million a year ago in the absence of a one-off gain on disposal of a subsidiary.
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SINGAPORE (Feb 13): Regional property and lifestyle group Wing Tai Holdings has reported 1H19 earnings of $18.2 million, 14% down from $21.1 million a year ago in the absence of a one-off gain on disposal of a subsidiary.

Nonetheless, the group’s latest set of 2Q19 earnings grew threefold y-o-y to $16.1 million from $5 million in the previous year.

Revenue for 2H19 grew 7% to $193.9 million from $181 million a year ago, largely due to an increase in property sales in Malaysia.

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