Other income rose 64.1% to $1.4 million mainly from rental income from completed properties, fair value gain on quoted equity shares and foreign exchange gain from repayment and revaluation of foreign currency bank loans
SINGAPORE (Aug 10): Sing Holdings, the property developer and investment group, announced that its 2Q earnings increased 42.9% to $2.88 million from $2.02 million last year.
For the second quarter ended June, the group recorded a 74.4% drop in revenue to $5.7 million. This comprised recognition sales proceeds from completed properties and rental income from lease of an investment property, Travelodge Docklands.
