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GSH 1Q earnings down 70% to $0.33 mil on higher cost of sales, expenses

PC Lee
PC Lee • 1 min read
GSH 1Q earnings down 70% to $0.33 mil on higher cost of sales, expenses
SINGAPORE (May 14): Property developer GSH Corp reported a 70.3% fall in 1Q earnings to $329,000, down from S$1.1 million a year ago.
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SINGAPORE (May 14): Property developer GSH Corp reported a 70.3% fall in 1Q earnings to $329,000, down from S$1.1 million a year ago.

Correspondingly, earnings per share fell to 0.017 cent from 0.057 cent a year ago.

Revenue rose 7.6% to $26.2 million.

But cost of sales rose 17.6% year-on-year while finance expenses rose 28.2% to $5.5 million.

GSH shares closed unchanged at 28.5 cents on Monday before the results were announced.

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