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Low Keng Huat's Q2 earnings soar to S$4.2m

Higher profits from development more than offset weaker showing by investment

Published Wed, Sep 12, 2018 · 09:50 PM
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Singapore

HIGHER profits from development more than offset lower profits from investment at Low Keng Huat, giving the developer a sharp lift in its results for the second quarter.

Net profit jumped to S$4.2 million from S$474,000 in the same period last year, it said in a statement on Wednesday. For the three months ended July 31, revenue leapt 472 per cent to S$77.9 million.

The expansion in revenue was due to a jump in development revenue to S$69.4 million in the quarter, compared to just S$3.6 million in…

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