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GSH reports 28% increase in FY19 earnings

The Edge Singapore
The Edge Singapore • 2 min read
GSH reports 28% increase in FY19 earnings
GSH expects progressive sales contributions from its Malaysia projects to boost its property business in the quarters ahead
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SINGAPORE (Feb 26): GSH Corporation, which develops properties and run resorts, has reported a 28% y-o-y growth in earnings to $7.6 million for the year ended Dec 31, 2019.

Revenue, in the same period, was up 53.3% to $153.7 million, as the company recognised progressive sales from its two residential development projects – Eaton Residences in Kuala Lumpur (picture) and Coral Bay in Kota Kinabalu.

For 4QFY2019, the company’s revenue more than doubled to $50.4 million, with contributions from the property businesses.

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