SINGAPORE (Aug 26): Oxley Holdings saw its earnings more than treble to $137.7 million for the 4Q18 ended June, from $41.5 million a year ago.

The surge in 4Q earnings was mainly due to other gains, including fair value gain of $111.2 million comprising mainly of gain on revaluation of Chevron House, reversal of fair value loss on financial instrument of $24.2 million, and gain on sale of an investment property in Ireland of $20.2 million.

Read more on The Edge Singapore.