As at July 26 2020, the company’s total attributable pre-sale revenue was $454.5 million, versus $620.6 million in the year-earlier period, and will be progressively recognised from 3Q2020 to FY2023.
Roxy-Pacific Holdings has reported a 70% y-o-y drop in earnings to $2.8 million for 1HFY20. Revenue in the same period was down 16% y-o-y to $118.1 million, due to lower contributions from both its property development and hotel businesses.
The company, which owns hotels such as Grand Mercure Roxy Singapore (picture) suffered a revenue drop of 39% y-o-y to $15.1 million.
