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Wing Tai earnings down 91% to $13.3 mil for FY2023

Wing Tai earnings down 91% to $13.3 mil for FY2023

Singapore property developer Wing Tai Holdings has reported a staggering 91% drop in earnings, as its FY2023 results revealed a meager profit of just $13.3 million. The challenging market conditions and ongoing pandemic have dented the company’s performance, raising concerns about its future prospects. With uncertainty looming, Wing Tai’s management will need to strategize and adapt swiftly to navigate these difficult times.

CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

CDL reports 1HFY2023 earnings of $66.5 mil, down 94.1% y-o-y from absence of substantial divestment gains

CDL, the renowned property developer, has recently announced its 1HFY2023 earnings of $66.5 million. Sadly, this figure reflects a drastic 94.1% decline compared to the previous year, primarily due to the absence of significant gains from divestment. This news highlights the challenging circumstances faced by the company during the stated period.