Company Briefs

Heeton's Q2 earnings down 29.8%

PROPERTY developer Heeton Holdings recorded a 29.8 per cent fall in net profit for the second quarter ended June 30 to S$4.44 million, as the rise in cost outpaced that of revenue. Revenue jumped more than three times to S$22.8 million from US$6.1 million, while costs were up more than five times at S$17.6 million. Figures from the year-ago quarter were restated.

UMS Q2 profit falls 8% on weaker sales