Thursday 28 Mar 2024
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SINGAPORE (Feb 13): Regional property and lifestyle group Wing Tai Holdings has reported 1H19 earnings of S$18.2 million, 14% down from S$21.1 million a year ago, in the absence of a one-off gain on disposal of a subsidiary.

Nonetheless, the group’s latest set of 2Q19 earnings grew threefold y-o-y to S$16.1 million, from S$5 million in the previous year.

Revenue for 2H19 grew 7% to S$193.9 million from S$181 million a year ago, largely due to an increase in property sales in Malaysia.

Further, the absence of the one-off gain was also partially mitigated by...(click on link for full story on theedgesingapore.com)

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