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Wing Tai Holdings posts S$129.8m earnings for Q4
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Published Tue, Aug 28, 2018 · 09:50 PM
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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.
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