Mainboard-listed Pan Hong Property Group (PHP) has reported a 195.1 per cent year-on-year increase in its net profit for the first quarter ended June to RMB40.3 million, up from RMB13 million a year ago. In a statement released on August 11, PHP said its revenue for the period also rose 29.5 per cent to RMB114.2 million, up from RMB88.1 million last year. This was mainly attributed to the delivery of 35...
Pan Hong Property
Singapore-listed Pan Hong Property Group has posted a S$7.8 million loss for the financial year ended March. This reverses a S$39.2 million profit in the previous financial year. The China-based developer said the net loss was mainly due to a sharp drop in revenue as it sold fewer residential units during the financial year. Revenue for the period fell 93 per cent to S$8.4 million. Giving an update on...