Roxy-Pacific full-year profit up 5% at S$96.7m despite revenue fall

Singapore

ROXY-PACIFIC Holdings announced on Monday that it has achieved a 5 per cent increase in net profit to S$96.7 million for the full year ended Dec 31, 2014, from S$92.3 million in the previous year.

This was despite a 14 per cent decline in revenue to S$317.8 million, from S$369 million, mainly due to lower revenue contribution from the group's property development segment.