Revenue for the quarter ended June fell 3.1% to $23.2 million from $23.9 million in the previous year on lower rental revenue registered over the quarter, due to the absence of rental revenue from the sale of the group’s development properties as well as Australia properties in the preceding year.
SINGAPORE (Aug 10): Real estate group Hiap Hoe is back in the black with 2Q17 earnings of $1.4 million compared to the loss of $3.1 million it posted in the same period a year ago.
A interim dividend of half a cent per share has been declared, to be paid out on Sept 15.
