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via Lushhomemedia by luxuryasiahome on 5/14/09
HO Bee Investment saw first quarter earnings climb 43 per cent to $37.3 million, from $26.1 million a year ago, as it recognised more revenue from its property developments.
Turnover for the Q1 2009 rose 17 per cent to $110 million, up from $94.2 million in Q1 2008.
Barring any unforeseen circumstances, the group is expected to remain profitable this year through strong earnings recognition on residential projects that were previously sold – in particular, The Coast, Paradise Island and Orange Grove Residences, which have recently received or will soon receive TOP, Ho Bee said.
Source : Business Times – 14 May 2009
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