Roxy eyes investment openings in 4 cities
The group posts record net profits for fourth quarter and full year
FRESH from selling 14 of its 21 floors in a building in a prime retail location in Hong Kong's Causeway Bay area this week, Roxy-Pacific is now eyeing investment opportunities in Sydney, Melbourne, London and Phuket.
The group is open to both property development and investment (ie, recurring income) ventures, including hotels.
Roxy-Pacific posted record net profits for the fourth quarter and full year. Its net profit of S$44.8 million for Q4 2013 was 91 per cent higher than the S$23.5 million in Q4 2012. Revenue trebled to S$169.7 million from S$56.2 million previously.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Yeo Guat Kwang, John Chen retiring from corporate boards
US: Wall St opens higher
Air China orders homegrown C919s in challenge to jet duopoly
HCA beats first-quarter profit estimates on higher patient admissions
F&B operator YKGI to exclusively operate Chicha San Chen in Macau for next eight years
LMIRT Q1 net property income dips 3.1% to S$30 million on higher expenses