Roxy eyes investment openings in 4 cities
The group posts record net profits for fourth quarter and full year
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Kalpana Rashiwala
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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.
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