Ho Bee Land has reported earnings of $46.5 million for the 2HFY2020, down 84% y-o-y, as it booked fair value losses of $32.8 million on investment properties for the six months ended Dec 2020. In contrast, it booked a fair value gain of $243.7 million in the year-earlier period.

Revenue for 2HFY2020 was $108.3 million, up slightly from $107.4 million recorded in 2HFY2019.

For the whole of FY2020, Ho Bee Land’s earnings was $137.1 million, down 58.8% from $332.3 million in FY2019.

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