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Tuan Sing's Q2 profit surges on strong property, hotel segments

Revenue more than doubles to S$194m; group reviewing China strategy as activities there "remain subdued"

Published Thu, Jul 30, 2015 · 09:50 PM

Singapore

TUAN Sing Holdings reported a 92 per cent surge in net profit for the second quarter ended June 30 to S$22.3 million, buoyed by a higher contribution from property and hotel investment segments. Its revenue more than doubled to S$194.1 million in Q2 2015, from S$81.6 million in the same period last year.

For the first half of the year, net profit surged 98 per cent to S$38.2 million as revenue more than doubled to S$349.4 million from S$142.9 million in the same period last year.

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