Wing Tai H1 net profit surges to S$40.3 million on higher takings from Singapore properties
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Wing Tai reported a net profit of S$40.3 million for H1 FY2025, a 300% increase from S$10.1 million a year earlier. Revenue surged 140% to S$270.2 million, driven by strong sales from River Green and TheLakeGarden Residences. The company's earnings per share rose to S$0.0528. Wing Tai's net asset value per share increased to S$3.91, with a net gearing ratio of 0.14. The firm anticipates stable buying sentiment in Singapore's private residential market, with property prices rising 3.3% in 2025.
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