Orchard Parade Q108 net profit soars on hospitality
Posted on May 12, 2008 by lushhomeonline
Orchard Parade Holdings Ltd on Monday reported net profit for the first quarter ended March 31, 2008 rose to $16.65 million (US$12.17 million) from $5.12 million a year ago due to better hospitality operations.
Earnings per share rose to 4.75 cents, compared to 1.46 cents a year earlier.
Revenue, however, fell 44.5 per cent to $17.16 million as no revenue was recognised from development projects this period. — BT Newsroom
Source : Business Times - 12 May 2008
Filed under: Developer News, General | Tagged: Developers, Orchard Parade Holdings, Singapore Hotels
