Yongnam Holdings’ H1 net profit jumps 191.3% to S$16.5m

Yongnam Holdings’ H1 net profit jumps 191.3% to S$16.5m
 
SINGAPORE : Yongnam Holdings has turned in a record half-year performance.
 
For the six months ended June, net profit jumped 191.3 per cent to S$16.5 million.
 
This excludes the exceptional gain of S$12.7 million in the previous corresponding period.
 
Revenue grew by 71.2 per cent to S$133.8 [...]

Banyan Tree’s H1 net profit up 32% at S$18.9m

Banyan Tree’s H1 net profit up 32% at S$18.9m
 
SINGAPORE : Mainboard-listed Banyan Tree Holdings on Thursday said its net profit for the first six months rose 32 per cent to S$18.9 million thanks to a strong showing from its hotel residences.
 
Sales of branded residences grew more than nine-fold from S$3.5 million in the second [...]

Banyan Tree’s Q2, 1H profits rise

Banyan Tree’s Q2, 1H profits rise
Mainboard-listed Banyan Tree said today that its second quarter and half year profits both rose.
 
In a filing with the Singapore Exchange, the manager and developer of premium resorts and hotels said the half year profit after tax rose 31 percent to 31.2 million dollars
 
For the second quarter, profit after [...]

Yanlord Land’s makes $67.2mil Q2 profit

Yanlord Land’s makes $67.2mil Q2 profit
China-based property developer YanLord Land said today that its profit in the second quarter and first half of the year both increased on-year.
 
The Singapore-listed firm said that it reaped 67.2 million dollars in profit in the second quarter, up from last year’s loss of 22.5 million dollars
 
For the first [...]

City Developments Q2 profit down 15%

City Developments Q2 profit down 15%
City Developments has posted a 15 percent fall in quarterly net profit as property sales slumped in the first half of this year
 
In a filing with the Singapore Exchange, the company said today that its second quarter net profit stood at 165 million dollars, down from the 194 million [...]

Hotel site above Lavender MRT station likely for budget hotel

Hotel site above Lavender MRT station likely for budget hotel
 
A new hotel site at Kallang will likely attract developers who wish to build a budget hotel there.
 
The Urban Redevelopment Authority or URA launched the sale just today.
 
The land parcel located above the Lavender MRT station is near the Kallang Riverside area that will [...]

Office rents to ease SOON

Office rents to ease SOON
 
Thursday • August 14, 2008
Chua Chor Hoon
 
WITH no new major buildings yet completed, supply of office space continues to be tight in the Central Business District (CBD).
 
In the wake of unceasing uncertainties in the wider economy and high office rentals, more companies are adopting a cautious business approach, [...]