Wing Tai Holdings posts S$129.8m earnings for Q4
Add BT as a preferred source
DeeperDive is a beta AI feature. Refer to full articles for the facts.
Singapore
PROPERTY and retail group Wing Tai Holdings has delivered a net profit of S$129.8 million for the fourth quarter ended Jun 30, 2018, up from S$9.5 million a year ago.
Results were driven by a 258 per cent gain in share of profits of associates and joint venture (JV) companies. Wing Tai also recorded a S$21.7 million in other gains, back from the red of S$5.6 million the previous year. The increase was mainly due to the fair value gains on investment properties and gain on disposal of subsidiary companies.
Copyright SPH Media. All rights reserved.
TRENDING NOW
Shelving S$5 billion office redevelopment plan proved ‘wise’ as geopolitical risks mount: OCBC chairman
Eurokars Group introduces rental car franchises Enterprise Rent-A-Car, National Car Rental, and Alamo to Singapore
20 photos that show how dramatically Singapore has changed in two decades
Singapore’s key exports up 15.3% in March from electronics surge, exceeding forecasts
