Bukit Sembawang Estates

Bukit Sembawang Estates swings back to black with 4Q net profit of $42m

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. In the full year, profit was at $52.97 million, compared to a net loss of $48.41 million a year ago. Revenue rose 5.4% to...

Bukit Sembawang Estates’ Q1 net profit down 84% to S$1.4m

Bukit Sembawang Estates said net profit for its fiscal first quarter fell 84 per cent on-year to S$1.4 million. Revenue dropped 72 per cent to S$6.4 million. The property developer said the decline was mainly due to lower development revenue recognised on its Paterson Suites condominium. The firm noted that there has been a recent pick-up in the property sector, but said it remains cautious during this...

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