Oxley's Q4 profit up 70% at S$16.6m; full-year earnings lower

Singapore

PROPERTY developer Oxley Holdings achieved a 70 per cent surge in fiscal fourth-quarter earnings as revenue more than doubled. Net profit attributable to equity-holders for the three months ended June 30 was S$16.6 million, up from S$9.8 million a year ago. Earnings per share grew from 0.33 Singapore cent a year earlier to 0.56 cent. Including non-controlling interests, net profit grew to S$34.1 million from S$13.9 million.

Q4 revenue rose 134 per cent to S$193.8 million as progress was made in the construction of seven mixed-residential projects: Oxley Edge, The Promenade@Pelikat, NEWest, Floraville/Floraview/Floravista, KAP and KAP Residences, The Rise @ Oxley and Devonshire Residences.