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Roxy profit down, expects more lumpy earnings from FY2017

Roxy-Pacific executive chairman and CEO Teo Hong Lim told The Business Times on Monday evening that the group's earnings can be expected to be more lumpy from FY2017 onwards arising from its expansion overseas.


PROPERTY and hotel group Roxy-Pacific Holdings posted drops in fourth-quarter and full-year net earnings - due partly to the absence of profit recognition from the sale of strata retail floors at 8 Russell Street in Hong Kong by an associate company which had buoyed earnings in...