Heeton Holdings' Q3 net profit rises 14%

Heeton Holdings has achieved a 14 per cent rise in third quarter net profit to $3.1 million.

Revenue for the three months to Sept 30 climbed by 67.8 per cent to $15.8 million.

Turnover comprises rental income from investment properties as well as proceeds from the sales of the group's residential projects.

Earnings per share firmed to 1.31 cents from 1.22 cents previously while net asset value per share eased to $1.1042 compared to $1.2797 as at Dec 31.

Heeton said it will continue to monitor the market closely for the most appropriate time to launch its development projects and explore opportunities in Singapore, which will enable it to develop the projects in a timely manner thus achieving quick turnaround.

It will also increase its efforts to expand overseas.