Ho Bee Q3 profit jumps 51%

Singapore

BOLSTERED by strong recurring income, Ho Bee Land marked a 51 per cent jump in net profit for the third quarter ended Sept 30 to S$20.3 million.

This translated to an earnings per share of 3 cents for the third quarter, up from 2 cents in the same period last year.

Group revenue rose 21 per cent to S$32.5 million, due mainly to an increase in rental income from the office building, The Metropolis in Singapore, and rental recognition for the newly acquired office building, 39…