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Wing Tai's profits for Q4, full year take big tumble
Results hit by absence of a one-off gain from sale of subsidiary, lower contribution from Wing Tai Properties in HK
Published Tue, Aug 27, 2019 · 09:50 PM
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Singapore
REGIONAL property and lifestyle group Wing Tai Holdings turned in a substantially weaker profit in its fiscal fourth quarter and full year, mainly due to the absence of one-off gains recorded the year before.
Net profit for the three months ended June 30 fell 86 per cent to S$18.1 million from S$131.3 million in the year-ago period.
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