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Ho Bee Land's Q2 profit jumps 37%

HO Bee Land reported a 37 per cent jump in net profit to S$16.7 million for the second quarter ended June 30, 2015.

Its revenue rose 14 per cent to S$30.6 million, buoyed by an increase in rental income from the office building, The Metropolis in Singapore.

Chua Thian Poh, chairman and CEO of the group, said: "With the acquisition of the two London properties, 39 Victoria Street and 110 Park Street announced recently, we now have a portfolio of close to S$2.6 billion of investment properties.

"The acquisitions have further strengthened the geographical diversification of our investment properties, and enhanced our recurrent income," he added. "This is in line with our growth strategy."

sentifi.com

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