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Wing Tai Q4 earnings up despite impairment

Profit of S$9.49m, up from S$1.88m a year ago, on the back of higher contribution from HK associated firm and on S$5.3m tax credit

Wing Tai's value brands like G2000 and especially Uniqlo (above) have not been affected by the slump in retail sales.


DESPITE making a provision for impairment in the value of its joint-venture condo development The Crest near Jervois Road, Wing Tai Holdings managed to post an increase in net earnings for the fourth quarter ended June 30.

The property and retail group controlled by the...