Revenue from Property Developments climbed 52.3% to $137.2 million in 1Q18 from $90.1 million in 1Q17 due to the progressive recognition of High Park Residences, Grandeur Park Residences and Williamsons Estate.
SINGAPORE (May 4): Chip Eng Seng, the property developer and construction firm, reported 1Q earnings fell 30% to $6.06 million from $8.6 million a year ago.
Group revenue increased 22.3% to $204.3 million from $167.1 million, mainly driven by robust contribution from the Property Developments and Hospitality divisions although revenue from Construction Division was lower.
