Heeton 1H earnings climb 40% to $13.1 mil on higher revenue

SINGAPORE (Aug 7): Property group Heeton Holdings posts earnings of $13.1 million for the 1H ended June, climbing 40.2% from earnings of $9.4 million a year ago.

This was on the back of a 23.9% increase in revenue to $34.4 million for the first half of 2017, from $27.8 million a year ago.

This was mainly due to the recognition of higher revenue of $21.8 million from residential project Onze@Tanjong Pagar in 1H17, compared to $14.76 million a year ago.

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