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Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil

Felicia Tan
Felicia Tan • 2 min read
Wing Tai Holdings posts 73% growth in 1H20 earnings to $56.8 mil
Earnings per share (EPS) for the period came in at 6.53 cents on a fully diluted basis.
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Property group Wing Tai Holdings reported earnings of $56.8 million for the 1HFY2020 ended December, 73% higher than earnings of $32.8 million from the year before.

Group revenue for the period rose 33% y-o-y to $243.4 million due to the additional units sold in Le Nouvel Ardmore and the progressive sales recognised from The M at Middle Road.

Cost of sales rose 60% y-o-y to $143.5 million.

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