Revenue from its Property Development segment, which made up 61% of the group’s turnover, decreased 65% to $22.4 million in 2Q18, from $63.8 million a year ago. This was largely due to lower revenue recognition from Trilive, which received its TOP in June 2018, and absence of revenue recognition from Jade Residences, Whitehaven and LIV on Wilkie following the completion of these projects in 2017.
SINGAPORE (July 31): Roxy-Pacific Holdings saw its earnings fall 57% to $6.4 million for the 2Q ended June, from $14.7 million a year ago.
2Q18 revenue fell 52% to $37.0 million, from $77.8 million a year ago.
