You are here

TEE Land posts Q2 profit of $1.7m

Halving its sales costs has helped drive gains

IN spite of a drop in revenue, mainboard-listed property developer TEE Land has swung back into the black to a net profit of $1.7 million in its second quarter (Q2) ended Nov 30, 2013. From a loss of $78,000 the previous year, its Q2 profits were driven mainly by a halving of its sales costs.