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Tuan Sing Q3 net profit triples to S$17.5 million

TUAN Sing Holdings has reported net profit of S$17.53 million for the third quarter ended Sept 30, 2104, triple the S$5.76 million net earnings it posted in the same year-ago period.

Revenue rose 84 per cent to S$99.84 million.

For the first nine months, the group's net profit improved 38 per cent to S$36.83 million.

Revenue increased 2 per cent to S$242.71 million. The group said the revenue increase for both periods was driven by the property segment.

Earnings per share (including fair value adjustments) rose to 1.5 Singapore cents in Q3 FY2014 from 0.5 Singapore cent in Q3 FY2013.

Net asset value per share stood at 66.4 Singapore cents as at end-September 2014, ahead of 63.9 cents as at end-December 2013.

The counter ended unchanged at 42.5 Singapore cents on Thursday. The group announced its results after the stock market closed.