Roxy-Pacific Holdings, the property and hospitality group, posted a 7% rise in its 3Q earnings to $13.3 million.
Revenue went up 31% to $87.6 million due to higher revenue from the property development and property investment segment. This was partly offset by lower revenue from the hotel ownership segment.
The property segment, which made up 83% of total revenue in 3Q, rose 40% to $72.8 million. The increase was largely due to higher revenue recognition from Jade Residences, Whitehaven, LIV on Sophia, LIV on Wilkie and Sunnyvale.
The group also recorded higher operating income, which rose from $0.3 million a year ago to $2.8 million in 3Q, mainly from higher interest income earned and unrealised foreign exchange gains.
The stock last traded on Oct 21 at 50 cents.
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Revenue went up 31% to $87.6 million due to higher revenue from the property development and property investment segment. This was partly offset by lower revenue from the hotel ownership segment.
The property segment, which made up 83% of total revenue in 3Q, rose 40% to $72.8 million. The increase was largely due to higher revenue recognition from Jade Residences, Whitehaven, LIV on Sophia, LIV on Wilkie and Sunnyvale.
The group also recorded higher operating income, which rose from $0.3 million a year ago to $2.8 million in 3Q, mainly from higher interest income earned and unrealised foreign exchange gains.
The stock last traded on Oct 21 at 50 cents.
Click Here To Register For Free Trial Services OR Give A Missed Call : +6531581402 Follow Us On Twitter : www.twitter.com/epicresearchsg Like Us On Facebook : www.facebook.com/EpicResearchSingapore Need Any Assistance Feel Free To Mail Us at : info@epicresearch.sg
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