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Property development boosts Sim Lian's Q1 net earnings

Group profit more than doubles to S$77m; company sees continued challenge in private residential market

Published Mon, Nov 10, 2014 · 09:50 PM

Singapore

STRONG revenue booking from property development projects helped Sim Lian Group to more than double net earnings to S$71.66 million for the first quarter ended Sept 30, 2014 from S$27.68 million in the year-ago period.

Group revenue jumped to S$379.02 million from S$151.17 million.

Revenue from property development more than doubled to S$297.23 million from S$107.15 million previously.

The construction d…

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Companies & Markets

Companies & Markets

Property development boosts Sim Lian's Q1 net earnings

Companies & Markets

Netflix handily beats subscriber targets, misses on revenue forecast

Meta releases early versions of its Llama 3 AI model

Seatrium unit ordered to pay US$108 million in arbitration over equipment supply contracts

TSMC estimates losses of US$92.4 million due to Taiwan earthquake

Marina Bay Sands Q1 profit surges 51.5% to US$597 million on tourism boom

US: Wall St opens higher as some chip stocks bounce back after selloff

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