SINGAPORE (Nov 12): Property group GSH Corporation saw its earnings more than treble to S$7.3 million for 3Q19 ended September, from S$2.1 million a year ago.

This translated to earnings per share of 0.370 (Singaporean) cents for 3Q19, compared to 0.107 cents in 3Q18.

3Q revenue jumped 63.7% to S$45.9 million, from S$28.0 million a year ago.

This was mainly due to a surge in contributions from its property business, as a result of the progressive recognition of sales from Eaton Residences, the group’s maiden project in Kuala Lumpur, Malaysia.

As at end-September, cash and cash equivalents stood at...(click on link for full story on theedgesingapore.com)

SHARE
SPONSORED CONTENT
Sabah’s next frontier: a prime window for resort investments in East Malaysia’s coastal belt

With the Pan Borneo Highway and the Tawau Airport upgrades, one of Sabah’s biggest challenges—its infrastructure bottlenecks—will be removed in the near future, creating an ideal window for investment in the tourism industry.

read more
RELATED POSTS
  1. Singapore takes possession of Lee Kuan Yew's 38 Oxley Road home, public space options under study
  2. IOI Properties to seek shareholders' approval on Aug 27 for S$1.2b Singapore acquisition
  3. Sunway-led JV wins RM6.74 bil Bayshore Drive mixed-use site in Singapore