Home News Results

Roxy-Pacific reports 1HFY20 earnings of $2.8 mil, down 70% y-o-y

The Edge Singapore
The Edge Singapore8/11/2020 08:07 PM GMT+08  • 2 min read
Roxy-Pacific reports 1HFY20 earnings of $2.8 mil, down 70% y-o-y
The company is actively recycling its capital with a series of divestments and investments
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

Roxy-Pacific Holdings has reported a 70% y-o-y drop in earnings to $2.8 million for 1HFY20. Revenue in the same period was down 16% y-o-y to $118.1 million, due to lower contributions from both its property development and hotel businesses.

The company, which owns hotels such as Grand Mercure Roxy Singapore (picture) suffered a revenue drop of 39% y-o-y to $15.1 million.

As at July 26 2020, the company’s total attributable pre-sale revenue was $454.5 million, versus $620.6 million in the year-earlier period, and will be progressively recognised from 3Q2020 to FY2023.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.