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Roxy-Pacific posts 27% drop in 4Q earnings to $5.9 mil on lower revenue, higher expenses

Samantha Chiew
Samantha Chiew • 2 min read
Roxy-Pacific posts 27% drop in 4Q earnings to $5.9 mil on lower revenue, higher expenses
SINGAPORE (Feb 21): Roxy-Pacific announced that its 4Q18 earnings have declined by 27% to $5.93 million, compared to $8.14 million in 4Q17.
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SINGAPORE (Feb 21): Roxy-Pacific announced that its 4Q18 earnings have declined by 27% to $5.93 million, compared to $8.14 million in 4Q17.

This brings FY18 earnings to $23.9 million, 22% lower than $30.5 million recorded in FY17.

Revenue for 4Q18 was 29% lower at $30.8 million from $43.3 million in the previous year, mainly due to lower contribution from the property development segment, partially offset by higher revenue from hotel ownership segment.

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