SINGAPORE : Developer Wing Tai Holdings has reported a sharp jump in full-year profits. Net profit for the year ended June came in at S$382 million, or three times more when compared to a year ago.
Revenue climbed 10 percent to S$982 million.
Wing Tai attributed the increase to strong sales of its residential properties in Singapore.
It is planning to launch several residential projects this year.
These include Helios Residences along Cairnhill Circle, L'viv on Newton Road and Belle Vue Residences on Oxley Walk. - CNA/ch
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