Far East Orchard
Far East Orchard's net profit dropped 17.9 per cent year on year to $29.1 million last year, as revenue slipped 14.2 per cent to $270.9 million, the property and hospitality group reported yesterday. Last year, a lower recognised revenue from its euHabitat residential development project here was a drag on the earnings, while an early hotel lease termination in Australia hit its hospitality division.
Sales in Australian and New Zealand dollars took a toll on the results as the currencies had weakened against the Singapore dollar.
Earnings per share was 7.18 cents as at Dec 31, down from 8.97 cents a year earlier. Net asset value was $2.86 a share as at Dec31, down from $2.92 a year earlier. Far East Orchard shares closed 2.5 cents or 1.67 per cent higher at $1.52
发表于 7-3-2016 03:52 PM
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