Tee Land's Q2 profit up 46% on revenue surge

Singapore

TEE Land's net profit for the second quarter ended Nov 2014 rose 46 per cent to S$2.42 million, on the back of revenue jumping from S$2.44 million to S$15.12 million.

For the half year ended November, net profit doubled from S$2.23 million to S$5.11 million. Revenue rose from S$16.01 million to S$21.56 million. It has declared a dividend of 0.44 cent per ordinary share for the current financial period. This compares with 0.5 cent per ordinary share declared previously.