Sale of Sennett Residence units drives up profits at Tuan Sing Holdings
DEVELOPER Tuan Sing Holdings has reported a 31 per cent rise in second quarter net profit to $15.2 million.
Revenue for the three months to June 30 was up 13 per cent at $117.9 million.
Earnings per share climbed to 1.3 cents from one cent previously while net asset value per share firmed to 61.8 cents compared to 60.9 cents as at Dec 31.
On a half year basis, net profit improved by 14 per cent to $20.9 million on the back of a 4 per cent rise in revenue to $182.8 million.