Revenue for the quarter increased 21% to $52.6 million from $43.4 million in the preceding year.
SINGAPORE (Aug 6): Ho Bee Land reported 2Q19 earnings of $14.4 million, or 2.16 cents per share, down 79.9% from $71.5 million in the previous year.
This was primarily due to the group’s share of losses from associates and jointly controlled entities which amounted to $6.7 million, compared to the share of profits of $28.3 million recorded in 2Q18. The share of losses for the quarter was a result of the accrual of land appreciation tax amounting to $20.5 million.
