Roxy-Pacific reports 17% jump in Q2 earnings

ROXY-Pacific Holdings' second-quarter net profit attributable to equity holders increased 17 per cent year-on-year to S$22.70 million.

The property and hospitality group said revenue for the three months ended June 30 rose 49 per cent to S$102.64 million as a result of a 59 per cent surge in revenue from its property development segment.

Revenue from its property development segment rose to S$90.7 million from S$57 million, and accounted for 88 per cent of the group's turnover.