Property group Heeton Holdings reported a 144% surge in net profit to $17.2 million for the financial year ended 31 December 2009 (FY2009), compared to $7 million a year ago.
Revenue rose 27% to $55.5 million, from $43.6 million recorded in FY08, boosted by a strong showing from the group’s property development business.
The FY09 profit figure also takes into account a $1.2 million contribution from the group’s discontinued operations, following the completion of the disposal of its five wet markets on Jan 4.
