Net profit for the six months to December fell by 98.8 per cent to $277,000 from $23.5 million in the corresponding period a year ago.
Revenue dropped 13 per cent year on year during this period to $438.4 million, mainly due to the absence of a one-time sale of land parcels in Australia of $97.1 million in the year-ago period.
This was partially offset by higher revenue contribution from Singapore development projects and hotels.
This story is from the February 03, 2023 edition of The Straits Times.
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This story is from the February 03, 2023 edition of The Straits Times.
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