In its earnings commentary, Singapore Land Group notes that the pandemic situation appears to have stabilised and that the outlook for some sectors have strengthened.
Singapore Land Group has reported a revenue of $264 million for 1HFY2022, up 15% over the year-earlier period, thanks to a recovery in the tourism industry which helped lift its turnover for its hotels business.
However, as it is booking a $238.9 million revaluation gain on its real estate, the company's earnings for the same period is $359.8 million, up 290% y-o-y.
