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

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A new revenue stream for Oxley came from Novotel and Mercure Singapore on Stevens, which began operation during the financial year.

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...

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