Sim Lian Q3 net profit jumps more than five times
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
SIM Lian Group on Monday reported third-quarter net profit that jumped more than five times on the back of stronger revenue.
Net profit for the three months ended March 31, 2015 stood at S$90.2 million, compared to S$17.1 million from a year ago.
Revenue rose to S$634 million, surging several times compared to S$96.5 million, thanks to a property development project that was completed in February this year.
Copyright SPH Media. All rights reserved.
TRENDING NOW
‘Boring’ is the new black: The stars are aligning for a Singapore stock market revival
Near sell-out launches in March boost developer sales to 1,300 units after four slow months
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Genting Singapore’s Lim Kok Thay receives S$7.5 million pay package for FY2025
