SINGAPORE (Nov 10): Property developer GSH Corporation has announced earnings of S$2.05 million for the 3Q17 ended Sept, up nearly 20 times from its earnings of S$0.1 million in the same period a year ago.

Revenue over the quarter fell 26.1% to S$21 million. In 3Q17, our property business registered no revenue, compared to S$9.1 million in 3Q16 during which there was a revenue recognition from GSH Plaza, that has since been completed.

GSH's hospitality business grew by 8% to S$20.8 million in 3Q17, due mainly to the increase in room occupancy and average room rates, at its two hotels in Sutera Harbour Resort in Kota Kinabalu, Sabah... (Click here to read the full story.)