Oxley's Q2 profit, revenue surge; interim dividend lower

Singapore

PROPERTY developer Oxley Holdings on Thursday reported a net profit of S$123.75 million for the second quarter ended Dec 31, 2016, up from S$47 million a year ago, in line with higher revenue.

Revenue rose from S$177.77 million to S$605.73 million, mainly due to recognition of revenue from Oxley Tower upon its completion in December last year and handover of certain plots in The Royal Wharf (Phase 1A).