Sim Lian Q3 net profit jumps more than five times

SIM Lian Group on Monday reported third-quarter net profit that jumped more than five times on the back of stronger revenue.

Net profit for the three months ended March 31, 2015 stood at S$90.2 million, compared to S$17.1 million from a year ago.

Revenue rose to S$634 million, surging several times compared to S$96.5 million, thanks to a property development project that was completed in February this year.