Roxy-Pacific Q3 net profit up on lower costs, expenses

ROXY-PACIFIC Holdings saw its net profit soar to S$4.4 million for the third quarter ended Sept 30, up from S$1.6 million a year ago, due to much lower cost of sales and expenses.

However, revenue fell 69 per cent to S$18.8 million, mainly due to lower contributions from the property development and property investment segments.

Earnings per share stood at 0.33 Singapore cent, up from 0.12 cent previously.