Roxy-Pacific Q1 net profit down 40%

ROXY-PACIFIC Holdings on Friday posted a 40 per cent decrease in net profit to S$5.908 million for its first quarter ended March 31 due to lower contribution from its property development segment.

Revenue fell 36 per cent to S$65.43 million, down from S$102.98 million a year ago.

Earnings per share came up to 0.50 Singapore cent, down from the previous year's 0.83 Singapore cent.

No dividends have been declared for the period.