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