The property segment contributed the bulk, or 93%, of HLH’s revenue in 1Q18.
SINGAPORE (May 9): Hong Lai Huat (HLH) Group announced earnings of $4.2 million for 1Q18, unchanged from a year ago despite tripled revenue, due to higher expenses.
Group revenue rose threefold to $16.8 million compared to $5.5 million a year ago on the back of stronger property sales at the group’s signature D’Seaview project development in Sihanoukville, Cambodia.
