SingHaiyi FY14 net soars to $23.15m

Singapore

SINGHAIYI Group has reported net profit of $23.15 million for the fiscal year ended March 31, 2014, up sharply from $1.68 million in the previous financial year.

Revenue more than trebled to $56.95 million from $17.02 million, on the back of higher property development income, comprising contributions from Charlton Residences and sales of completed units from its project in the US, Vietnam Town.