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SingHaiyi sinks into the red with Q2 net loss of S$4.6m

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Vivienne Tay

Vivienne Tay

Published Wed, Nov 6, 2019 · 09:50 PM
SingHaiyi Group

Singapore

PROPERTY developer SingHaiyi Group has swung to a net loss of S$4.6 million for its second quarter ended Sept 30, from a profit of S$7.7 million a year earlier.

This was mainly due to a slide in revenue from the decrease in recognised contributions for several projects. Finance costs for the quarter was also over seven times that of the year-ago period.

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