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SingHaiyi’s 2Q earnings more than quadruple to $3.9 mil

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SingHaiyi’s 2Q earnings more than quadruple to $3.9 mil

PC Lee Published on Mon, Nov 07, 2016 / 7:27 PM GMT+8

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SINGAPORE (Nov 7): Property group SingHaiyi saw 2Q earnings more than quadruple to $3.9 million from $0.9 million a year ago.

The group recorded total revenue of $13.3 million, flat compared to a year ago.

Property development income rose to $10.7 million, thanks to $8.3 million in sales of completed units from Vietnam Town in the US.

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