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Bukit Sembawang's net profit soars 149% in H1

Earnings per share stood at $0.24.

Bukit Sembawang Estates Limited reported a 149% surge in its net profit to $62.9m for the first half of the year, according to its bourse filing.

Revenue rose 23% year-on-year to $324m, primarily driven by the property development segment, which contributed $316.2m.

The group's hospitality and investment holding segments recorded revenues of $7.4m and $310,000, respectively.

Earnings per share stood at $0.24, up from $0.09 last year.
 

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