Property development boosts Sim Lian's Q1 net earnings
Group profit more than doubles to S$77m; company sees continued challenge in private residential market
Singapore
STRONG revenue booking from property development projects helped Sim Lian Group to more than double net earnings to S$71.66 million for the first quarter ended Sept 30, 2014 from S$27.68 million in the year-ago period.
Group revenue jumped to S$379.02 million from S$151.17 million.
Revenue from property development more than doubled to S$297.23 million from S$107.15 million previously.
The construction d…
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
Digital Core Reit Q1 distributable income slips 2.4% to US$10.6 million
Hong Kong Stock Exchange bids farewell to first woman chair
Toymaker Hasbro posts quarterly profit beat, slower sales decline
CapitaLand India Trust Q1 net property income up 19%
Hilton lifts 2024 profit forecast on international travel demand
Asia stocks rise on Wednesday amid Wall Street rally; STI up 0.6%