First Sponsor's Q3 profit up 13.1% at S$19.3m

Singapore

PROPERTY developer First Sponsor achieved a 13.1 per cent growth in net profit to S$19.3 million for the third quarter ended Sept 30 on the back of higher development income.

Higher other income (which was negative a year ago) and finance income, as well as lower tax expenses also helped to improve the bottom line.

Revenue during the qua…