Complete Property Market Updates of Singapore

June 10, 2008

Orchard Parade Q108 net profit soars on hospitality

Filed under: Financing,General — Propertymarketupdates @ 2:21 am

Orchard Parade Holdings Ltd on Monday reported net profit for the first quarter ended March 31, 2008 rose to $16.65 million (US$12.17 million) from $5.12 million a year ago due to better hospitality operations.

Earnings per share rose to 4.75 cents, compared to 1.46 cents a year earlier.

Revenue, however, fell 44.5 per cent to $17.16 million as no revenue was recognised from development projects this period. — BT Newsroom

Source : Business Times – 12 May 2008

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