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 quarter grew 11.5 per cent to S$80.4 million due mainly to higher revenue from the sale of properties, which was partially offset by a decrease in revenue from...