Corporate digest

Published Tue, Feb 28, 2017 · 09:50 PM
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GSH Corporation

MAINBOARD-LISTED property developer GSH has reported a net loss of S$3.3 million for the three months at end-December 2016, compared with a net profit of S$6.6 million a year ago, dragged down by a plunge in revenue.

Revenue in Q4 2016 fell 69.8 per cent year on year to S$17.7 million. In Q4 2015, its property business contributed S$45.4 million in revenue due to the first phase of sales launch of GSH Plaza. In Q4 2016, property revenue was S$1.7 million.

Wheelock Properties

Property developer Wheelock Properties reported a loss of S$16.4 million for the three months ended Dec 31, 2016, widening from a S$0.9 million loss a year ago. Revenue more than doubled to S$224.3 million from S$108.3 million a y…

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