Revenue for the full year fell 45.4% to RMB386.8 million from RMB708.9 million a year ago due to lower handover of units for Phase 1 of Pan Hong Run Yuan and Phase 2 of Huzhou Hua Cui Ting Yuan as compared to a year ago.
SINGAPORE (May 28): Property developer Pan Hong Holdings reported earnings of RMB24.6 million ($5.2 million) for the FY18 ended March, representing a 60.8% decline from its FY17 earnings of RMB62.7 million a year ago on lower revenue and margins, as well as higher administrative expenses.
A final dividend of 1.5 cent has been proposed.
