The improved quarterly performance comes despite 57.2% decline in revenue to $128.7 million over 2Q17, which was mainly attributable to lower sales in Ardmore Three and The Panorama as well as lower interest income from the group’s investment in quoted securities.
SINGAPORE (Aug 11): Wheelock Properties announced earnings of $36.5 million for 2Q17 ended June, up 3.4% on-year from the $35.3 million in 2Q16.
This brings the group’s earnings for the half year to $46.6 million, 0.3% higher from $46.4 million posted in 1H16.
