Stamford Land's Q4 profit rises 87.5%; revenue up 80%

Singapore

STAMFORD Land Corp on Monday reported an 87.5 per cent surge in net profit for the fourth quarter ended March 31, 2015, to S$5.39 million as revenue was boosted by its property development segment.

Revenue was 80 per cent higher at S$111.99 million, thanks to its property development segment which was the biggest contributor to the topline. Revenue from the property development segment clocked S$61.69 million, up significantly from just S$6.91 million a year ago, due to the disposal of a site.