Developer and builder Sim Lian Group says it recorded a net profit of $31.3 million in 2QFY2010, 220% higher than the $9.8 million recorded in 2QFY2009. The significant increase is mainly due to an increase in revenue of $5.4 million, decrease in contract costs by $10.7 million, as well as reversal of foreseeable loss of $3.1 million in 2QFY2010.
Sim Lian Group more than doubles net profit to $31.3m in 2Q
written by Editor on February 10th, 2010 |
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