Roxy-Pacific Q4 profit dips as expenses rise, overall margin falls

Singapore

HIGHER expenses, a drop in other operating income and poorer overall gross margin led property developer Roxy-Pacific Holdings to report a 4 per cent drop in fourth-quarter net profit to S$11.9 million despite higher contributions from associates.

This translates to Q4 earnings per share of one Singapore cent, against 1.03 cents a year ago.