Corporate digest

Roxy-Pacific Holdings

ROXY-Pacific Holdings on Wednesday posted a lower net profit for the first quarter ended March 31, down 31 per cent to S$5.3 million from S$7.7 million a year ago.

Revenue was up 91 per cent to S$88.5 million from S$46.5 million in Q1 2018, on higher contribution from its property development segment. This was partially offset by lower revenue from the hotel ownership and property investment segments.