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Ho Bee's recurring income strategy pays off

Q3 net profit shoots up 83.7% to S$13.45m as turnover surges 64.8% to S$26.82m

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60 St Martin's Lane in Covent Garden, London, was recently bought by Ho Bee for £43.9m

Singapore

HO Bee Land's strategy of building a strong recurring income base has borne fruit as seen in its third-quarter financial report card.

Net earnings rose 83.7 per cent to S$13.45 million for the three months ended Sept 30, 2014, from S$7.33 million in the same year-ago

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