Transformation reaping results for Rowsley

MAINBOARD-listed Rowsley has continued to grow in the second quarter ended June, posting a net profit of S$6.1 million, as it continues to transform itself from an investment holding firm into a real estate company.

In the same period last year, the firm recorded net losses of S$975,000.

Group profit before interest, tax, depreciation and amortisation (Ebitda) stood at S$9.9 million, a turnaround from the loss of S$1 million in the second quarter of last year.