Oxley Q1 profit down 96% on revenue plunge

OXLEY Holdings' Q1 net profit fell 96 per cent to S$10.1 million, on the back of a steep 82 per cent drop in revenue to S$120.3 million. The revenue recognition from 11 mixed-residential projects was based on the percentage of completion method which often gives rise to lumpy revenue figures.

Wheelock Properties' Q3 revenue, earnings fall