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Roxy-Pacific posts 31% drop in 1Q earnings to $5.3 mil despite near-doubling of revenue

Stanislaus Jude Chan
Stanislaus Jude Chan • 2 min read
Roxy-Pacific posts 31% drop in 1Q earnings to $5.3 mil despite near-doubling of revenue
SINGAPORE (May 8): Roxy-Pacific Holdings saw its earnings slide 31% lower to $5.3 million for the 1Q19 ended March, from $7.7 million a year ago, despite a 91% surge in revenue during the quarter.
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SINGAPORE (May 8): Roxy-Pacific Holdings saw its earnings slide 31% lower to $5.3 million for the 1Q19 ended March, from $7.7 million a year ago, despite a 91% surge in revenue during the quarter.

Earnings per share (EPS) fell to 0.41 cents in 1Q19, from 0.59 cents in 1Q18.

The earnings decline was mainly due to the absence of fair value gain on 117 Clarence Street, which contributed to higher share of results of associates a year ago.

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