Property sales lift Wing Tai Q2 profits

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.