The decline was mainly due to absence of the progressive revenue of $27.7 million recognised a year ago for the euHabitat residential development project, and the sale of the group’s 30% interest in 7 and 11 Bassein Road to an interested party for $38.1 million in FY2015.
SINGAPORE (Feb23): Far East Orchard posts earnings of $65.0 million for the full year ended Dec 31, 2016, more than double from earnings of $29.1 million a year ago.
However, revenue for FY2016 fell 31.7% to $184.9 million, from $270.9 million a year ago.
