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Ho Bee's Q1 profit up 59.8% at S$18.46m

Boost comes from higher rental income and Shanghai joint-venture project

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Mr Chua said that over the last few years, Ho Bee has built up a sustainable earnings base in Singapore and the UK.

Singapore

HO Bee Land has posted a 59.8 per cent surge in first-quarter net profit to S$18.46 million, from S$11.56 million for the corresponding year-ago period.

Revenue climbed 19.3 per cent to S$37.69 million on the back of higher rental income. This was due largely to