Sing Holdings net profit in H2 declines 24.7% to S$6.7m
Fall comes even as revenue rises 5.4% to hit S$66.5m; board proposes final dividend of S$0.01 per share, unchanged from previous year
Add BT as a preferred sourceDeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY development and investment group Sing Holdings reported on Thursday (Feb 17) a 24.7 per cent decline in net profit for its second half, despite higher revenue.
Net profit for the six months ended Dec 31, 2021 fell to S$6.7 million from S$8.9 million in the prior-year period. On a per-share basis, earnings fell to S$0.0167 from S$0.0221.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Ministry of Home Affairs Permanent Secretary Pang Kin Keong to retire
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
