>

>

TA Corp revenue up 47% in FY2019

By Valerie Kor

/ EdgeProp Singapore |

February 28, 2020 4:10 PM SGT

Join our Telegram channel and follow our Facebook for the latest update.

SINGAPORE (EDGEPROP) - Property and construction group TA Corporation reported a 47% increase in revenue to $198.2 million for FY2019 ended Dec 31, 2019, amid macroeconomic challenges and uncertainties in the global trade environment.

Costs attributable to owners of the company fell to $11.1 million in FY2019 from $14.9 in FY2018. This resulted in FY2019 earnings of $0.2 million profit.

In 4QFY2019, group revenue rose to $62.2 million, a 119.2% increase y-o-y. This resulted in a 56.3% increase in gross profit for 4Q2019, led by contributions from the construction and real estate investment business segments.

Neo Tiam Boon, CEO and executive director of TA Corporation, says: “We achieved higher overall revenue for FY2019 and maintained a resilient construction order book of $461 million as at Dec 31, 2019. This will provide us with a steady pipeline of projects which will underpin our performance over the next few years.”

“Overall, our revenue for the construction segment has achieved a significant 71.9% increase in FY2019 compared to FY2018. This is a testament to our over 40 years of tested reliability and track record as a contractor of choice for both public and private sector projects,” he adds.

Check out the latest listings near The Antares, MRT Stations and Schools

For price trends, recent transactions, other project info, check out The Antares project research page

Read also:

Dairy Farm Residences sold 35 out of 80 units at initial weekend launch

[UPDATE] Meyer Mansion tops launch sales; The Antares sells 20% of 90 units released

Reach for the stars at The Antares

Tags:

Follow Us

Follow our channels to receive property news updates 24/7 round the clock.

Subscribe to our newsletter

Top Articles

1

Sapphire Windows’ Liews: Beyond providing a room with a view

2

Keeping cool in an east-west-facing house with modern glass windows

3

Far East Shopping Centre’s $908 mil en bloc deal aborted

4

Luxury living in the new heart of Bukit Timah

5

Grandson of Genting Group founder leads Cover Projects, carves niche in Singapore’s heritage properties

Our Site

Follow Us

Property Research

Condos

HDBs

Landed

Commercial

Industrial

Properties For Sale

Properties For Rent

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.

Make data-driven property decisions with our easy-to-use free and paid tools. The Edge Fair Value tool lets users calculate the fair value of a property, while the En Bloc Calculator helps to determine the probability of a Singapore project being put up for collective sale. Our whole new Research tool provides you data on past transactions, price trends, and more for condos, HDBs, landed houses, commercial properties and industrial properties.

Aside from that, EdgeProp also offers a market trends tracker that lets you access historical property data, sales volume and compare how similar properties are selling, a heatmap that shows you where Singapore’s most popular property sales locations are, a HDB lease tool to calculate your HDB tenure, an affordability calculator, and property alerts to track your preferred Singapore property by project or location, as well as information on new launches.

On the lookout for undervalued property or looking to rent? EdgeProp’s powerful search filters will let you personalise your property-seeking experience – whether you are looking for a property near MRT stations, amenities like schools, or within a HDB Estate or District – so that you find exactly what you are looking for.

View More

Close Ad

00:00