Wing Tai

Wing Tai Q3 net profit up 8%

Property developer Wing Tai Holdings has posted an eight per cent increase in third quarter net profit to S$23.2 million compared to a year ago. This came on the back of a hefty 89.6 per cent rise in revenue for the quarter to S$149.54 million. This comes on the back of higher contributions from the development projects in its properties division. Wing Tai said profits recognized from units sold in...

Wing Tai posts 7% climb in Q2 net profit

WING Tai Holdings yesterday reported a 7 per cent climb in fiscal second quarter net profit to $22.3 million from $20.9 million a year earlier as it sold more homes. The rise in earnings for the three months ended Dec 31, 2009, came on the back of a 93 per cent surge in revenue to $177.1 million from $92 million a year ago. Q2 earnings per share climbed to 2.87 cents in Q2 from 2.67 cents the previous...

Wing Tai’s Q2 net profit up 7% at S$22.3m

Wing Tai Holdings on Friday announced a profit of S$22.3 million for the fiscal second quarter. This was a 7 per cent increase from the corresponding period last year. Revenue for the quarter came in at S$177 million. This was a 93 per cent increase from the same period last year. For the half-year ended 31 December 2009, the Group posted a revenue of S$454.3 million. This was a 101 per cent increase...

Wing Tai books 90% on-year drop in full year earnings to S$21m

Wing Tai Holdings has booked a sharp drop in annual earnings. Net income for the year ended in June came in at S$21 million, down by some 90 per cent on-year. The bottomline was dragged lower by fair value losses on investment properties. Meanwhile, its revenue climbed by 18 per cent to S$428 million. With the residential property market showing signs of a pickup in recent months, Wing Tai Holdings took...

Singapore-listed property counters down 61% year-to-date

Singapore-listed property counters have been massively sold down in recent weeks. They are underperforming the benchmark STI, with losses of about 61 per cent year-to-date. With the outlook for the sector still cloudy, analysts say they would prefer to remain cautious on these property stocks for the year ahead. Weak new home sales in Singapore have translated into soft earnings, a poor outlook, and...

Wing Tai reports 49% fall in Q3 net profit to S$28m

Property developer Wing Tai Holdings on Monday said its third-quarter net profit fell 49 percent to about S$28 million. This comes as revenue fell 63 percent to S$110 million. For the nine months, its net profit declined 4 percent to S$133 million. The company said the drop was due to lower revenue and operating profit from its development properties division. It noted that the US sub-prime crisis and...

Wing Tai reports 25% rise in H1 earnings to S$105m

Property developer Wing Tai has reported a 25 percent rise in half-time earnings to S$105 million. Draycott8 This is due mainly to higher contributions from the sale of its condominium projects. Revenue fell 52 percent to S$211 million. In the second quarter, earnings fell 19 percent to S$44 million, following a 59 percent fall in the topline figure to S$111 million. Wing Tai did not give a guidance...

The Tomlinson Penthouse: bungalow in the sky

A LIFESTYLE LIVING LIKE NO OTHER, AT THE CENTRE OF SINGAPORE'S FINEST Rising above others with panoramic views of the City and embraced in the enclave of Singapore's most famous shopping belt - Orchard Road, it is a lifestyle defined only by the extraordinary. At the heart of the prestigious Orchard and Tanglin locale amidst Embassies, high-end residences and six-star luxury hotels, this 9720 sq ft sky...

Draycott Eight

Draycott 8 is attractively located on an elevated site along Draycott Drive with just a few minutes’ walk from Orchard Road – Singapore’s bustling shopping and entertainment belt. Prestigious clubs such as The Tanglin Club and The American Club are just a stone’s throw away. Top schools and institutions are also within the vicinity. Enjoy an infinite plethora of the nation’s best shopping,...

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