Revenue from the hotel owning & management segment fell 8.1% to $38.1 million; property development revenue dropped 98.2% to $1.4 million; property investment revenue dropped 5.1% to $3.8 million while revenue from the trading segment fell 44.6% to $0.2 million. Only the others segment saw revenue increase 7% to $0.17 million.
SINGAPORE (July 31): Stamford Land recorded 1Q20 earnings of $4.8 million, 71.6% lower than $17 million in 1Q19.
This came on the back of a 65% drop in revenue to $43.6 million from $124.5 million last year, with all of the group’s segments – except its others segment – contributing less this quarter from a year ago.
