Oxley's 4Q earnings more than treble to $138 mil on one-off other gains

By Stanislaus Jude Chan / The Edge Singapore | August 27, 2018 10:54 AM SGT
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.
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