Oxley posts H2 S$296.3m net loss despite growth in gross profit
The property developer ran up other losses, which it said were mainly attributable to the pandemic
Singapore
PROPERTY developer Oxley Holdings recorded a net loss of S$296.3 million for the second half of the financial year ended June 30, on the back of other losses incurred due to the Covid-10 pandemic, in its results release on Friday after the market close.
The H2 net loss was a sharp reversal from the S$62.5 million net profit in the year-ago period, despite revenue quadrupling to S$638.9 million from a restated S$160.3 million in the year-ago period.
TRENDING NOW
One-third of Singapore-listed firms at risk in severe AI downturn: MAS
‘Not done’: Keppel CEO Loh Chin Hua transformed the group, but says there’s ‘still a lot to do’
He built the Vingroup empire. Now South-east Asia’s richest man is handing some key roles to his sons
‘We don’t want to stay as we are’: CEO Patrick Ng builds a more resilient Huationg
