Ho Bee Land Q1 net profit surges 181%
Ho Bee Land's net profit for the first quarter ended March 31, 2015 surged 181.6 per cent to S$11.56 million.
This translated to earnings per share of 1.7 cents, up from 0.6 cents.
Group revenue for the period leapt 81.5 per cent to S$31 million on the back of an increase in rental income from office buildings, The Metropolis in Singapore and 1 St Martin's Le Grand in London.
Shares of Ho Bee slipped 1.3 per cent or 3 cents to S$2.30 on Tuesday.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Starbucks points to weaker consumer as profit falls
Trump social media firm's rising shares pressure short-sellers: S3
Oil eases on higher US crude output, hopes of Israel-Hamas ceasefire
Europe: Stoxx ends lower as auto giants weigh; investors parse inflation data
US: Wall Street stocks fall as markets weigh strong wage data, Fed meeting
Carnival’s Princess brand revises 2025 world cruise routes amid Red Sea tensions