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Sing Holdings posts FY17 earnings drop 87.4% to $3.31 mil on lower revenue and higher expenses

Samantha Chiew
Samantha Chiew • 2 min read
Sing Holdings posts FY17 earnings drop 87.4% to $3.31 mil on lower revenue and higher expenses
SINGAPORE (Feb 26): Sing Holdings reported a 87.4% fall in FY17 earnings to $3.31 million from $26.3 million in FY16.
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SINGAPORE (Feb 26): Sing Holdings reported a 87.4% fall in FY17 earnings to $3.31 million from $26.3 million in FY16.

Revenue dropped 85.2% to $41.2 million compared to $279.5 million a year ago.

FY17 revenue comprised recognition of sales proceeds from completed properties and properties under development, as well as rental income from lease of an investment property, Travelodge Docklands.

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