Roxy-Pacific posts 39% fall in 3Q earnings to $8.1 mil

SINGAPORE (Oct 28): Roxy-Pacific saw 3Q earnings tumble 39% to $8.1 million from a year ago as cost of sales outstripped revenue growth.

Revenue increased 4% to $90.9 million mainly from the Property Development segment which rose 5% to $76.2 million on revenue recognition from Trilive, LIV on Sophia and LIV on Wilkie.

Revenue from Hotel Ownership fell 2% to $11.5 million while revenue from Property Investment fell 0.4% to $3.2 million respectively.

---

Related Stories

• Sri Trang Gloves posts net loss for 3QFY2024 on rapid appreciation of baht
• Multi-Chem's 3QFY2024 earnings down 23% y-oy to $7.1 mil
• Old Chang Kee posts earnings of $6.2 mil in 1HFY2025, up 42.3% y-o-y on higher sales and lower costs

---