HLH Group is launching Singapore-style public housing in Cambodia today.
HLH said it is the first Singapore company to venture into public housing projects for the mass market in the country, under the Camhomes brand.
Called D'Seaview, the mixed-development project will be built in the port city of Sihanoukville, one of the fastest-growing cities in Cambodia.
The condominium development will have 735 residential units, ranging from one bedroom to three bedrooms. There will also be two duplex units. Prices will start from US$33,000 (S$ 47,000).
The freehold project is now open for potential buyers to apply for the units using a four-step process similar to the public housing application procedures in Singapore, said HLH Group.
It plans to develop some 5,000 prime apartments and executive condominiums units in Phnom Penh, Siem Reap and Sihanoukville by the end of next year.
Sunright reported full-year net profit of $3.1 million, up from $135,000 from a year ago.
Revenue for the year ended July 31 was flat at $137 million.
A fair value loss on investments of $1.1 million was recorded, following lower market valuation of the investments.
Raw materials and consumables used, as well as changes in inventories of finished goods and works in progress, were lower by $5.6 million, or 15 per cent, to $31.2 million, due to lower sales from electronic manufacturing services and distribution.
Earnings per share climbed to 2.6 cents from 0.1 cent previously, while net asset value per share inched up by 0.4 cent to 58.8 cents.
The directors have recommended a final dividend of 0.4 cent a share. No corresponding dividend was paid last year.