Cooling measures hit Bukit Sembawang's Q4 earnings

PROPERTY cooling and loan restriction measures have dented Bukit Sembawang Estates' fourth-quarter bottom line.

The residential property developer reported a 29.1 per cent decline in net pro-fit to $18.2 million for the three months ended March 31, 2014. This translates to earnings per share of 7.04 cents, down from 9.93 cents a year ago.

This was despite revenue rising 94.5 per cent to $89.5 million.