Oxley Holdings' Q4 net profit more than trebles to S$138m

Singapore

PROPERTY developer Oxley Holdings has chalked up a 231 per cent increase in net profit for the fourth quarter ended June 30, 2018. Profit rose to S$137.7 million from S$41.5 million a year ago.

The group recorded a fair value gain of S$111.2 million comprising mainly of gain on revaluation of Chevron House, reversal of fair value loss on financial instrument of S$24.2 million, and a gain on the sale of an investment property in Ireland of S$20.2 million.

Profit for the full year wa…