Corporate digest

Bukit Sembawang Estates

Net profit for property developer Bukit Sembawang Estates for the Q3 ended Dec 31 leapt to S$44.6 million from a restated S$12 million in the year-ago period.

Revenue jumped to S$122.3 million from a restated S$17.5 million in Q3 a year ago. The group said it had higher sales and higher profit recognition on more development projects in the quarter, as it recognised profits for 8 St Thomas, Nim Collection Phase 1 and 2, and Watercove. In the same quarter a year ago, it recognised profits for Skyline Residences and Watercove. Earnings per share shot up to 17.24 Singapore cents from 4.63 Singapore cents in the year-ago period.