Oxley's Q2 earnings dive 90%
Net profit dips to S$3.56m even as turnover falls by 12.5% to S$311.2m
Add BT as a preferred source
Annabeth Leow
Singapore
MAINBOARD-LISTED developer Oxley Holdings saw its second-quarter earnings decimated by a sharp decrease in other gains, on the absence of a fair-value gain as an investment property in Dublin was revalued, according to results posted on Monday.
The group's second-quarter net profit plummeted by 90 per cent year-on-year to S$3.56 million for the three months to Dec 31, 2019.
Copyright SPH Media. All rights reserved.
TRENDING NOW
DBS CEO Tan Su Shan strikes upbeat tone on deposits, wealth growth after strong Q1; raises full-year guidance
How China’s young workers are securing their future even as AI disrupts job market, triggers pay cuts
Middle East-linked energy supply shocks put Asean Power Grid back in focus
Malaysia’s 8th richest man Jeffrey Cheah wants Sunway business to last 10 generations
