You are here

ARA Asset's Q2 earnings up 36% as revenue rises 17%

It plans to launch billion-dollar fund before year's end, says group CEO

ARA Asset Management's net profit for its second quarter ended June 30 rose 36 per cent to S$20.8 million, while its revenue climbed 17 per cent to S$40.4 million. The Pan-Asian real estate fund manager's net profit was driven by higher revenue from recurrent management fees, acquisition,