businesstimes.com.sg

Singapore Land H1 net profit jumps 90% to S$211.7 million

Singapore Land logoSingapore Land
Sig1.90Sen+7.20Env0.00Soc0.00Gov0.00

Singapore Land posted first-half net profit of S$211.7 million, up 90% from S$111.4 million, driven mainly by higher fair-value gains on investment properties and stronger associate contributions. Revenue rose 2% to S$376.8 million, supported by property investment and technology, while hotel operations revenue fell 6% amid weaker performance and no redevelopment income.

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