You are here

First Sponsor posts Q2 turnaround

Chinese developer achieves S$7.62m profit; IPO expenses contributed to year-ago quarter's loss


AMID uncertainty in the China property market, Chinese property developer First Sponsor Group has achieved a net profit of S$7.62 million for its second quarter ended June, up from a net loss of S$3.25 million a year-ago.

The group's bottomline growth was supported by a