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Developer Roxy-Pacific Holdings reported 17% rise in Q2 net profit

Published on Jul 31, 2014 9:12 PM
 
Grand Mercure Roxy Hotel in Katong. Roxy-Pacific Holdings reported a 17 per cent rise in second-quarter net profit to $22.7 million. -- PHOTO: ROXY-PACIFIC HOLDINGS

SINGAPORE - Roxy-Pacific Holdings reported a 17 per cent rise in second-quarter net profit to $22.7 million.

Revenue for the three months to June 30 was up 49 per cent at $102.6 million, compared with a year ago, due to higher revenue from property development and the property investment segments.

Property development contributed an 88 per cent share or $90.7 million to total group turnover.

The hotel segment contributed 11 per cent to group turnover.

 
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