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Ho Bee Land's Q2 earnings fall 14%; revenue tumbles 78.4%

Higher share of profits from associates and jointly-controlled entities

Anita Gabriel

Published Mon, Aug 7, 2017 · 09:50 PM

Singapore

REAL estate group Ho Bee Land reported a 14.1 per cent year-on-year drop in net profit to S$36.1 million for the second quarter while revenue for the three months ended June 30 tumbled 78.4 per cent to S$37.4 million.

For the quarter, the group's share of profits from associates rose 61 per cent S$12.2 million which mainly stemmed from its residential project in Shanghai.

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