Bukit Sembawang posts sharp increase in Q4 earnings

Singapore

PROPERTY developer Bukit Sembawang Estates reported a substantial increase in quarterly net income on Thursday, as it recognised higher profits from its development projects.

Its net profit after tax increased to S$21.5 million in the fourth quarter ended March 31, 2018, from S$2.3 million the year before. Its revenue more than doubled to S$3…