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Wing Tai Holdings sees 5% dip in 1HFY2021 earnings to $53.8 mil

Felicia Tan
Felicia Tan2/10/2022 5:43 PM GMT+08  • 2 min read
Wing Tai Holdings sees 5% dip in 1HFY2021 earnings to $53.8 mil
As at Dec 30, 2021, the group’s net asset value (NAV) per share was $4.18.
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Property group Wing Tai Holdings has reported earnings of $53.8 million for the 1HFY2021 ended December, 5% lower than earnings of $56.8 million in the corresponding period the year before.

1HFY2021 earnings per share (EPS) stood at 6.16 cents on a diluted basis, down from the EPS of 6.53 cents in the 1HFY2020.

Revenue for the half-year period increased 26% y-o-y to $306.6 million due mainly to the higher contribution from development properties. Revenue for the current period was largely attributable to the additional units sold in Le Nouvel Ardmore and the progressive sales recognised from The M at Middle Road in Singapore.

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