GSH reports jump in 3Q earnings to S$7.3m on revenue contribution from maiden KL project

SINGAPORE (Nov 12): Property group GSH Corporation saw its earnings more than treble to S$7.3 million for 3Q19 ended September, from S$2.1 million a year ago.

This translated to earnings per share of 0.370 (Singaporean) cents for 3Q19, compared to 0.107 cents in 3Q18.

3Q revenue jumped 63.7% to S$45.9 million, from S$28.0 million a year ago.

This was mainly due to a surge in contributions from its property business, as a result of the progressive recognition of sales from Eaton Residences, the group’s maiden project in Kuala Lumpur, Malaysia.

As at end-September, cash and cash equivalents stood at...(click on link for full story on theedgesingapore.com)