News Formal

First Sponsor Q2 earnings up 24.7% to S$15.1m

  • 📰 BusinessTimes
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 51%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

MAINBOARD-LISTED First Sponsor Group on Thursday reported a 24.7 per cent rise in net profit to S$15.1 million for the second quarter, from S$12.1 million a year ago. This comes on the back of increased revenue from the sale of properties and hotel operations. Read more at The Business Times.

MAINBOARD-LISTED First Sponsor Group on Thursday reported a 24.7 per cent rise in net profit to S$15.1 million for the second quarter, from S$12.1 million a year ago. This comes on the back of increased revenue from the sale of properties and hotel operations.

Revenue from the sale of properties more than quintupled to S$42.2 million, from S$8.0 million the year before. This was mainly due to the recognition of revenue from more commercial units in the Millennium Waterfront project at 100 units, compared with a single unit a year ago. This is due to the absence of net penalty interest income of S$5.1 million from the receipt of net auction proceeds by the court in June 2018 regarding the successful enforcement on two of the Case 2 defaulted loans; and a S$3.8 million contribution from a loan to a 30 per cent owned associate which was repaid in March 2019.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 15. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Stocks to watch: HPH Trust, First Sponsor, AA Reit, CLT, Citic Envirotech, Sunpower, Libra GroupTHE following companies saw new developments that may affect trading of their shares on Thursday: Read more at The Business Times.
Fonte: BusinessTimes - 🏆 15. / 51 Leggi di più »