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.