Singapore Land

Singapore Land posts 1,252% rise in full-year net profit

Fair value gains as a result of a revaluation of properties has boosted the full-year earnings of Singapore Land by 1,252 percent. It posted net earnings of nearly S$1.4 billion, compared with S$121 million in the year-ago period. Revenue rose 34 percent to S$271 million. This was due to the contribution from its Pan Pacific Singapore hotel operations and higher rental income. Singapore Land expects...