Wednesday, October 31, 2007

Wing Tai Profit Doubles

Source : TODAY, Wednesday, October 31, 2007

Real estate developer Wing Tai Holdings reported a doubling in net profits to $61.8 million for its first quarter ended Sept 30, due to an increase in its share of profits in joint venture projects.

Revenue was 39 per cent down from a year earlier, to $100.2 million on lower contributions from its development properties such as Kovan Melody, The Meritz and The Lakeside.

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