22 Aug '17, 3am

Oxley revenue up 36% in Q4

Oxley Holdings saw its revenue for Q4 2017 increase by 36 percent year-on-year to S$224.33 million mainly due to revenue recognition using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A. Profit after tax and minority interest (PATMI) fell 41 percent to S$41.54 million from S$70.75 million previously. For the entire financial year 2017, revenue jumped 37 percent to S$1.34 billion, while PATMI rose six percent to S$218.1 million. SEE ALSO: Surging developer sales point to further property market recovery “With several major completions generating good returns, FY2017 has been another year of respectable growth for Oxley,” said Ching Chiat Kwong, executive chairman and CEO of Oxley. “Operationally, we enhanced our profile as a strong property developer, expanded our presence overseas, and improved on our project pipeline. ...

Full article: http://www.propertyguru.com.sg/property-management-news/2...

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