Complete Property Market Updates of Singapore

June 4, 2008

Wing Tai Q3 net profit slips 4 pct on lower sales

Filed under: Developer News,Financing,General — Propertymarketupdates @ 5:44 am

Wing Tai Holdings on Monday said net profit for the third quarter ended March 31, 2008 fell 4 per cent to $133.08 million (US$97.30 million) due to lower sales from development properties.

Revenue for the third quarter fell 56 per cent to $320.84 million.

For the nine months ended March 31, 2008, net profit sank 49 per cent to $27.73 million, while revenue fell 63 per cent to $109.99 million.

Net gearing ratio was at 0.5 times in end March, compared to 0.4 times end June 2007. — BT Newsroom

Source : Business Times – 12 May 2008

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