In its outlook, Wheelock says rental income from Wheelock Place and Scotts Square Retail, as well as the group’s investment in quoted securities and share of profit of associates, will continue to contribute to the group’s recurring income.
SINGAPORE (May 12): Wheelock Properties reported a 9.8% fall in 1Q17 earnings to $10 million from a year ago.
Revenue rose 2.1% to $93.7 million mainly due to sales in Ardmore Three and 雍景山. This was partially offset by lower sales in The Panorama and lower interest income from the group’s investment in quoted securities.
