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Wee Hur Q1 earnings halved on drop in property development income

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Wee Hur Q1 earnings halved on drop in property development income.

MAINBOARD-LISTED property group Wee Hur Holdings' earnings were halved in the first quarter, as turnover from the muted development segment fell.

Group revenue plunged by 70 per cent to S$48.6 million on a drop in property development contributions, according to unaudited statements put out on Friday.Market voices on: Wee Hur added that its Australian student housing business - which started operations in July 2018 - will hit 2,350 occupied beds by the second quarter.

 

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