Ho Bee's recurring income strategy pays off

Q3 net profit shoots up 83.7% to S$13.45m as turnover surges 64.8% to S$26.82m

Published Thu, Nov 13, 2014 · 09:50 PM

    Singapore

    HO Bee Land's strategy of building a strong recurring income base has borne fruit as seen in its third-quarter financial report card.

    Net earnings rose 83.7 per cent to S$13.45 million for the three months ended Sept 30, 2014, from S$7.33 million in the same year-ago period.