Higher management fees boost ARA's Q2

Singapore

REAL estate fund management company ARA Asset Management on Tuesday posted a 9 per cent increase in revenue to S$40.3 million for its second quarter ended June 30, 2016.

Net profit attributable to shareholders also rose 18 per cent to S$19.3 million, while earnings per share rose to 1.94 Singapore cents, up from 1.9 cents a year ago.