Roxy-Pacific Q1 net profit down 40%

Singapore

ROXY-PACIFIC Holdings on Friday posted a 40 per cent decrease in net profit to S$5.91 million for its first quarter ended March 31.

This came on the back of a 36 per cent fall in revenue to S$65.43 million, down from S$102.98 million a year ago - due mainly to lower contribution from the property development and hotel ownership segments.