Wheelock Q1 profit dives in absence of disposal gain
Revenue slips 6.5% to $25.3m while bottom line is down 86.5%
Add BT as a preferred source
Kalpana Rashiwala
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
WHEELOCK Properties (Singapore)'s first-quarter net profit has slumped 86.5 per cent to $14.3 million, from $105.3 million a year ago. This was due mainly to the previous first quarter being boosted by a $93.8 million accounting gain on disposal of SC Global Developments shares.
Revenue for the three months ended March 31 slipped 6.5 per cent to $25.3 million. Earnings per share plunged to 1.19 cents from 8.8 cents previously. Net asset value per share dipped to $2.49 as at end-March from $2.51 as at end-December.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Japan stocks look set for new highs in 2025 on earnings, reform
Beijing’s calculated silence on the Iran war
China pips the US if Asean is forced to choose, but analysts warn against reading it like a sports result
Richard Eu on how core values, customers keep Singapore’s TCM chain Eu Yan Sang relevant
