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Chip Eng Seng's Q4 earnings more than quadruple to S$167.6m

Prisca Ang

Published Tue, Feb 24, 2015 · 09:50 PM

Singapore

STRONG contributions from its property developments have boosted the earnings of Singapore-based property and construction group Chip Eng Seng Corporation.

The group posted a 383.9 per cent increase in net profit to S$167.6 million for the fourth quarter ended Dec 31, 2014. Its revenue for the same period was up 112.9 per cent at S$368.6 million.

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