The stronger topline for 4Q and FY16 was mainly due to the sale of completed units from Ardmore Three, Yongjinshan and Scotts Square although this was partially offset by lower sales in Scotts Square and lower dividend and interest income from the group’s investment in quoted securities.
SINGAPORE (March 1): Wheelock Properties reported revenue for 4Q and FY16 doubled to $224.3 million and $769.7 million respectively from a year ago.
Full year earnings rose 44.7% to $58.3 million although 4Q losses widened to $16.4 million from $0.9 million a year ago.
