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

By Michelle Zhu
/ The Edge Singapore |
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
Read also:

Follow Us
Follow our channels to receive property news updates 24/7 round the clock.
EdgeProp Telegram
EdgeProp Facebook
Subscribe to our newsletter

Our Site

Edgeprop.sg (previously known as The Edge Property Singapore) is the best property portal for real estate agents, investors, home-seekers and sellers alike in Singapore. On EdgeProp, you will be able to find the latest and hottest property news, property listings, and access tools for your research and analysis.

Whether you are looking to buy, sell or rent apartments, condominiums, executive condos, HDBs, landed houses, commercial properties or industrial properties, we bring you Singapore’s most comprehensive and up-to-date property news and thousands of listings to facilitate your property decisions. Click into any listing to check out the new AI Redesign tool to envision your property based on your preferred style, be it Scandinavian, Minimalist or many others.

View More