Ho Bee Land posts $49.8m net profit in H1
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Ho Bee Land Limited reported a net profit of $49.8 million for H1 2025, a significant increase from $8.8 million in the same period last year. Revenue fell 23% to $177.7 million due to fewer project settlements in Australia and reclassification of Elementum. Profit growth was attributed to strong rental income and lower interest expenses. The company maintained over 95% occupancy in its Singapore and London properties, with a fair value gain of $6.1 million in London. Earnings per share rose to 7.50 cents, and Ho Bee Land secured a $460 million Sustainability-Linked Loan for ESG initiatives.
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