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SG Roxy-Pacific boosts Q2 net profit to $19.5m

Property Here - Friday, August 02, 2013

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Roxy-Pacific Holdings has posted a 10.2 percent increase in its net profit for the second quarter of 2013 to S$19.5 million, along with a 31 percent revenue growth to S$68.9 million.

The strong showing was attributed to property development, which saw an 83 percent boost in revenue to S$57.0 million, with higher contributions from five projects – Treescape, The MKZ, Spottiswoode 18, Jupiter 19 and Space@Kovan. 

Moreover, the developer has landbanks at Pasir Panjang, Wilkie Terrace, Telok Kurau and Tampines with a total attributable gross floor area of approximately 586,638 sq ft for development.

“We continue to keep a keen watch on the market, and will remain focused on developing and positioning the right projects to the market at an opportune time,” said Teo Hong Lim, Executive Chairman and CEO of Roxy-Pacific. 


Romesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories email romesh@allproperty.com.sg