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Roxy's Q1 profit dives; group to launch six projects in 2016/17
Published Thu, May 5, 2016 · 09:50 PM
Singapore
ROXY-Pacific Holdings' first-quarter net profit attributable to equity-holders shrank 79 per cent to S$9.89 million from the same year-ago period.
Revenue for the three months ended March 31, 2016, eased 48 per cent to S$102.98 million. Roxy said that revenue from the property development segment, which made up 86 per cent of the group's turnover in Q1 FY2016, declined 52 per cent to S$88.3 million in Q1 FY2016 fr…
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