In line with the lower revenue recognised, cost of properties sold decreased to $0.9 million from $4.9 million a year ago.
SINGAPORE (May 13): Heeton Holdings has announced earnings of $1.1 million for 1Q19, down 83.5% from $6.7 million a year ago, mainly due to other operating income and share of results of associated companies and joint venture companies.
Revenue for 1Q fell 6.1% y-o-y to $11 million from $11.8 million previously, mainly due to lower sale revenue from residential project Onze@Tanjong Pagar and lower rental revenue post the completion of investment property, The Woodgrove.
