SUBSCRIBERS
Wheelock Properties Q1 profit down 14% at S$12.26m
Published Mon, May 11, 2015 · 09:50 PM
Singapore
DESPITE revenue almost quadrupling, Wheelock Properties (Singapore)'s net profit fell 14 per cent year on year to S$12.26 million, for the first quarter ended March 31.
The surge in revenue to S$99.24 million - from S$25.28 million - was thanks mainly to revenue recognised from The Panorama based on the progress of construction works. This was partially offset by lower rental income from Scotts Square retail.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
China’s top airlines improve balance sheet in Q1; outlook positive for May Day
Stablecoin issuer Tether invests US$200 million in brain-computer interface company
Yahoo to lay off staff in Singapore as it shifts to content curation
US: Wall St opens higher on megacap strength, Fed verdict awaited
IReit Global occupancy rate grows to 91.5% in Q1
Yen surges against US dollar on suspected intervention