JTC Corp's FY2014 surplus up 16% at S$1.19b

Singapore

JTC Corporation reported a net surplus of S$1.19 billion for financial year 2014, a 16 per cent jump from S$1.03 billion in financial year 2013.

This was supported by an 8 per cent rise in operating revenue, from S$1.57 billion to S$1.69 billion, for the financial year ended March 2015. In FY2014, 98 per cent of the corpo-ration's operating revenue came from land and building rental income while the remaining 2 per cent constituted other operating revenue. The ratio in FY2013 was 97 per cent land and building rental income and 3 per cent other operating revenue.