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Property development income helps Stamford Land return to the black in Q4
Published Thu, May 25, 2017 · 09:50 PM
Singapore
STAMFORD Land Corporation Ltd swung back into the black for the fourth quarter ended March 31 with a net profit of S$8.93 million, compared to a net loss of S$5 million a year ago, amid an income surge from property development.
Revenue for the quarter more than doubled to S$166 million from S$60.48 million, led by a S$101.35 million increase in revenue contribution from the property development segment.
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