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Oxley Holdings 1HFY2016 earnings up 150% to $81.07 million

hockmeng.tay@bizedge.com
Updated

Oxley Holdings’ 1HFY2016 (ended June 30) earnings jumped 150% to $81.07 million from $32.37 million a year ago. Meanwhile the group’s revenue jumped 72% to $613.7 million from $355.8 million a year ago.

The strong performance was attributed to rental income from investment properties and revenue recognition from seven residential and mixed-use projects (based on percentage of completion method), namely Oxley Edge, The Promenade@Pelikat, NEWest,Floraville/Floraview/ Floravista, KAP & KAP Residences, The Rise @ Oxley and Devonshire Residences. Oxley Holdings has launched 31 projects and completed 18 as at end 2Q2016 (December 30).

Source: Oxley Holdings Limited

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