Overview
Singapore property developer's half-year revenue rose 17% yr/yr to S$54.7 mln, driven by higher Concourse Skyline sales
Net income for the period increased 43% to S$7.1 mln
Results reflect higher profit on sale of development properties
Outlook
Company did not provide specific financial guidance or outlook for future periods
Result Drivers
PROPERTY SALES - Co said higher profit on sale of development properties drove results
HIGHER CONCOURSE SKYLINE SALES - Co said revenue increased mainly due to revenue recognised from the sale of more residential units in Concourse Skyline
Company press release:
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
H1 Revenue
S$54.74 mln
H1 Net Income
S$7.07 mln
H1 Pretax Profit
S$10.14 mln
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