Roxy eyes investment openings in 4 cities
The group posts record net profits for fourth quarter and full year
FRESH from selling 14 of its 21 floors in a building in a prime retail location in Hong Kong's Causeway Bay area this week, Roxy-Pacific is now eyeing investment opportunities in Sydney, Melbourne, London and Phuket.
The group is open to both property development and investment (ie, recurring income) ventures, including hotels.
Roxy-Pacific posted record net profits for the fourth quarter and full year. Its net profit of S$44.8 million for Q4 2013 was 91 per cent higher than the S$23.5 million in Q4 2012. Revenue trebled to S$169.7 million from S$56.2 million previously.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
OpenAI inks licensing deal with People magazine publisher
Apple unveils new AI-focused chip in upgraded iPad Pro models
DBS CEO Piyush Gupta sells S$2.7 million worth of bank shares
Disney's surprise streaming entertainment profit offset by weaker TV business
Geely, Foretellix partner to jump-start self driving car development
US: Wall Street opens slightly higher on rate cut optimism