Property sales lift Wing Tai Q2 profits
Add BT as a preferred source
Annabeth Leow
Singapore
MAINBOARD-LISTED Wing Tai Holdings saw its earnings jump in the second quarter, notching a higher gross profit and other gains.
Net profit rose to S$26 million for the three months to Dec 31, 2019, up by 61 per cent from S$16.1 million before, even as revenue slipped by 10.2 per cent to S$104.2 million.
TRENDING NOW
Two-thirds of Sentosa Cove resales in the red, with average loss topping S$1 million since 2023
How BYD disrupted Singapore’s car market – and why the strategy is turning on itself
After a strong Q2, what’s next for Singapore banks? Analysts see DBS, OCBC ahead on wealth
Laos-China Railway picks up steam, but S-E Asian country struggles to capture gains
