Property developer Wing Tai Holdings reported a 13% rise in revenue to $197.8 million and a 142% increase in earnings to $53.9 million for the three months ended Dec 31, 2010. The company says it will keep a close watch on the property market and will at appropriate times release more residential units for sale in the current FY.
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Property developer Wing Tai Holdings reported a net profit of $68.92 million for the fourth quarter ended June 30, 2010 (4Q2010). This reverses the net loss of $53.88 million it made in 4Q2009.
Revenue for the three months was up 17% y-o-y to $222.35 million.
Tan Hock Lum has been appointed GM, Property Development wef July1
Work experience: 25 years experience in real estate industry; senior project manager with a reputable property developer
Property developer Bukit Sembawang Estates has returned to profitability in the fourth quarter and the full year ended March 31, 2010.
For the quarter, net profit was at $41.90 million compared to a net loss of $61.44 million a year ago. Revenue rose to $21 million from $4.86 million.
Popular Holdings, the bookshop operator and property developer, reported net profit for the third quarter ended Jan 31, 2010 rose 47.5% to $7.85 million on the back of a 6.6% increase in sales to $147.25 million.
Property developer UOL Group says posted a 188% rise in net attributable profit to $424.2 million for the financial year ended 31 December 2009 with revenue crossing $1 billion for the first time.
The near tripling in net attributable profit from $147.2 million the year before came from higher sales of development properties, rentals from investment properties, share of profits from associated companies, and negative goodwill from the acquisition of shares in UIC.
Niche property developer Hiap Hoe Limited has reported that its net earnings for the third quarter ended 30 September 2009 (3Q09) surged more than 13 times to $8.5 million or 2.24 cents per share, from $0.7 million or 0.20 cents per share reported in the corresponding period a year ago (3Q08).
The rise in net profit was achieved on revenue of $36.7 million, which represents a growth of 663.0%, and has surpassed its revenue of $29.7 million for the full year of 2008.
For the nine months ended 30 September 2009 (9M09), the group recorded a net profit of $25.3 million on revenue of $84.0 million, compared to a net profit of $7.9 million on revenue of $20.3 million a year ago (9M08).
Fraser & Neave, Singapore’s largest beverage maker and a property developer, said third- quarter profit climbed 11.7% as home sales surged.
Net income for the three months ended June 30 climbed to $123.2 million, or 8.8 cents a share, from $110.3 million, or 7.9 cents a year earlier, the company said in a statement today. Revenue increased 12.3% to $1.35 billion.
Mainboard-listed HLH Group, agri-business owner and property developer, reported a 50.8% drop in turnover to $5.5 million and a net loss of $2.9 million in its latest 1H2009 results.
Group turnover fell owing to the lower contributions from both its Agriculture Division and Property Division.
Fraser & Neave, Singapore’s largest beverage maker and a property developer, said third-quarter profit climbed 11.7% from a year earlier. Net income for the three months ended June 30 climbed to $123.2 million, or 8.8 cents a share, from $110.3 million, or 7.9 cents a year earlier, the company said in a statement last Friday. Revenue increased 12.3% to $1.35 billion.
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Mainboard-listed Pan Hong Property Group, a Hong Kong-based property developer that focuses primarily on developing properties in the second and third-tier cities in China, has successfully won the tender for a land parcel in Huzhou city (Zhejiang Province) for RMB 221.3 million ($46.7 million). The acquired land parcel will be used for the development of residential and commercial properties.
“No frills, Simple homes” reads the banner hanging in the Delhi headquarters of Unitech, India’s leading property developer. It’s a mantra that has been taken up by realtors across the country with a new-found passion for affordable housing that owes little to their social conscience and
