Roxy-Pacific's Q4 net profit falls 27% on lower revenue from property development
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY group Roxy-Pacific Holdings posted a 27 per cent year-on-year drop in net profit to S$5.93 million for the fourth quarter ended 31 Dec, 2018, in line with weaker revenue.
Revenue slumped 29 per cent to S$30.83 million, mainly due to lower revenue from the property development segment owing to the absence of revenue recognition from Trilive following its TOP in June last year, as well as lower revenue from Straits Mansions following its TOP in October last year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
