Bukit Sembawang's 3Q earnings treble to $54 mil on higher revenue

By Michelle Zhu
/ The Edge Singapore |
February 15, 2019 1:06 PM SGT
Join our  Telegram  channel and follow our  Facebook  for the latest update.
SINGAPORE (Feb 14): Property developer Bukit Sembawang Estates posted $54 million in earnings for the 3Q ended Dec 2018, up more than threefold from its restated 3Q18 earnings of $15.8 million due to a sevenfold y-o-y surge in revenue.
Revenue for the quarter grew 598% to $122.3 million compared to $17.5 million a year ago, mainly due to higher sales recognition from more development projects, namely 8 St Thomas, Nim Collection phases 1 and 2, and Watercove.
In line with the higher revenue, cost of sales grew to $64.4 million from $2.9 million in 3Q18.
This article - Bukit Sembawang's 3Q earnings treble to $54 mil on higher revenue is originally from TheEdgeSingapore.com
Advertisement
Read also:
Tags:
Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Related Articles

Far East Hospitality Trust a 'pure play' on room rate recovery: UOB Kay Hian - EDGEPROP SINGAPORE
Property News
Far East Hospitality Trust a 'pure play' on room rate recovery: UOB Kay Hian
Chip Eng Seng chairman Tang makes 72 cents per share offer to increase stake - EDGEPROP SINGAPORE
Property News
Chip Eng Seng chairman Tang makes 72 cents per share offer to increase stake
CapitaLand Investment shows performance growth across all growth drivers in 3QFY2022 - EDGEPROP SINGAPORE
Property News
CapitaLand Investment shows performance growth across all growth drivers in 3QFY2022
Top Articles
1
Revolutionising the workplace through hybrid work solutions
2
Realtor-author Ceekay Soh offers a smorgasbord of real estate advice in debut book
3
Nursing home on Sims Avenue for sale at $27 mil
4
Savills launches energy and sustainability management department
5
Smart property investing with Isabella Teo
Search Articles
Follow Us On
Our Sites
Edgeprop.sg (previously known as The Edge Property Singapore) – is the best property portal for home-seekers, buyers, investors and real estate agents alike in Singapore. On EdgeProp, you will be able to find all the latest news and views, informational guides, historical transactions and rental searches, and research data and analysis.
Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDB flats, landed houses or commercial properties, we bring you Singapore’s the most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions.
Make better decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property and find properties below market value in Singapore. Meanwhile, discover all things en bloc, including Singapore en bloc news, trends and our En Bloc Calculator, which helps to determine the probability of a Singapore project being put up for collective sale.
Web Version 3.0.3
Aside from that, EdgeProp also offers a market trend tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heat map that lets you find out where all Singapore’s most popular property sales locations are, a HDB lease tool that lets you calculate your HDB tenure, an affordability calculator, and a property watch list to track your preferred Singapore property by project or location, as well as new launches.
On the lookout for undervalued property or buying to rent? EdgeProp’s powerful search filters let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools and childcare centres, or a good-value condo with a sea view – so that you find exactly what you are looking for.