Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, today reported a 42% jump in net profit to $8.9 million for the third quarter ended September 30, 2010 (3Q2010) from $6.3 million in the previous corresponding period (3Q2009).
This increase was on the back of a 41% surge in revenue to $53.1 million in 3Q2010, driven mainly by a sharp 44% rise in revenue to $40.5 million from the group’s Property Development segment.
Roxy-Pacific Holdings, the specialty property and hospitality group, says it registered a 37% rise in profit after tax to $12.9 million in the 2nd half ended June 30 (2QFY2010) from $9.4 million in 2QFY2009. Revenue grew 27% to $55.4 million in 2QFY2010 from $43.7 million in 2QFY2009.
Roxy-Pacific says the improvement in turnover came on the back of a 25% increase in revenue from its Property Development segment as well as a 145% surge in revenue from its Property Investment segment.
The group’s Hotel Ownership segment reported a 27% increase in revenue in 2QFY2010 due to an increase in both the average occupancy rate (AOR) and average room rate (ARR).
Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, today announced a 104% increase in net profit after tax to $5.9 million for the fourth quarter ended December 31, 2009 (4QFY2009).
This was largely driven by a 47% increase in revenue to $44.1 million for 4QFY2009, resulting from a strong 87% rise in revenue to $33.5 million from the group’s Property Development segment.
Roxy-Pacific Holdings, the homegrown specialty property and hospitality group, today announced an 8% increase in revenue to $37.6 million for the third quarter ended September 30, 2009 (Q3FY2009). Net profit declined 28% to $6.3 million in Q3FY2009 from $8.7 million in Q3FY2008.
Excluding fair value gain of $2.3 million recorded in Q3FY2008, Group profit before tax increased 3% to $7.5 million from $7.3 million in Q3FY2008.
