First Sponsor's Q3 profit jumps 30.3% on strong pre-sales for China projects, hotel addition
Singapore
MAINBOARD-LISTED First Sponsor Group posted a 30.3 per cent surge in net profit to S$33.3 million for the third quarter ended Sept 30, from S$25.6 million in the year-ago period, it said in a bourse filing on Friday.
The property developer and financing group said it recorded strong pre-sales for several Chinese projects while its Dutch portfolio was boosted by the acquisition of the 193-room Hampton by Hilton hotel in Utrecht in the Netherlands.
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