JV offsets Wing Tai Holdings plunge
A 55 per cent drop in half-year revenue for Singapore property firm Wing Tai Holdings has been mitigated in part by gains from its Uniqlo JV in Malaysia and Singapore.
Also helpful was a higher share of profits from associated Wing Tai Properties in Hong Kong.
Net profit for the six months to the end of December lifted 3 per cent to S$3.19 million (US$2.26 million) compared to S$3.11 million from a year ago.
Revenue fell to S$131 million.