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Oxley reverses year-ago loss with Q1 net profit of S$12.2m

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Published Tue, Nov 12, 2019 · 09:50 PM

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Singapore

OXLEY Holdings on Tuesday posted a net profit of S$12.2 million for the first quarter ended Sept 30, compared to a restated net loss of about S$655,000 a year ago.

This came on the back of higher gross profit from hotels and development projects in Singapore and gains on revaluation of a property in Cambodia and mark-to-market of the derivative financial instruments, the property developer said in a Singapore Exchange filing.

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