Sing Holdings reports S$5.69mn net profit in Q1-2011 compared to a loss of S$1.23mn in Q1-2010.......unlocking the value of Laurels and Bellerive.....
Thursday, 5 May, 2011 11:11 AM
Posted by Kevin Scully
Sing Holdings reported a good set of Q1-2011 results yesterday. Key highlights in the results are:
a) Turnover grew by 315% to S$34.4mn
b) Net profit was S$5.69mn from a loss of S$1.23mn in Q1-2010
c) EPS for Q1-2011 was 1.06 cents
d) NAV was S$0.38
Sing Holdings announced that 94% of the units in Bellerive have been sold with all the revenue recognised in Q1-2011 on TOP. 91% of the units in the Laurels has been sold with only 3% of the sales recognised in Q1-2011. Total sales from the Laurels is S$638.6mn with S$551.3mn to be recognised from now till FY2013. We ......
