Wing Tai Holdings profit jumps 173% amid higher revenue

Singapore

PROPERTY and retail player Wing Tai Holdings has reported a net profit of S$43.6 million for the full year ended June 30, a 173 per cent jump compared with its previous financial year.

This came despite a net loss of S$13.2 million for the first six months of 2021. For the same half-year period in 2020, net loss amounted to S$16.8 million, according to the mainboard-listed company's full-year financial statement released on Thursday.