Property developer Bukit Sembawang Estates says group revenue for the first quarter ended 30 June 2010 was $34.4 million as compared to $6.4 million in the prior corresponding period. Accordingly, the net profit before tax increased by 706.1% from $1.8 million in the prior corresponding period to $14.8 million for the quarter ended 30 June 2010. The increase was mainly due to higher profit recognition on...
Bukit Sembawang
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 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...