* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Saturday, June 7, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    Brass Lion Entertainment unveils co-op action RPG Wu-Tang: Rise of the Deceiver – VentureBeat

    Unleash Your Inner Warrior: Discover the Co-Op Action RPG Wu-Tang: Rise of the Deceiver!

    Entertainment lineup released for 2025 Mississippi State Fair – WAPT

    Exciting Entertainment Lineup Unveiled for the 2025 Mississippi State Fair!

    After Denzel Washington Said He Would Be In Black Panther 3, Ryan Coogler Explained Why He’s ‘Fine’ With That Information Being Revealed So Early – Yahoo

    Ryan Coogler Shares Why He’s Cool with Denzel Washington’s Black Panther 3 Reveal!

    Traveling Tacos and Tequila Festival to stop at Florence Yall’s stadium this October – Cincinnati Enquirer

    Get Ready for a Flavor Fiesta: Traveling Tacos and Tequila Festival Hits Florence Y’all’s Stadium This October!

    9 things to do this weekend in Lake County plus a look ahead – Leesburg Daily Commercial

    Discover 9 Exciting Weekend Adventures in Lake County and What’s Coming Up!

    Shows to Watch – The Advocate

    Must-See Shows You Can’t Miss!

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    Apple Watch and the future of wearable technology in healthcare – MSN

    Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

    ECS Professor Pankaj K. Jha Receives NSF Grant to Develop Quantum Technology – Syracuse University News

    Unlocking the Future: ECS Professor Pankaj K. Jha Secures NSF Grant for Groundbreaking Quantum Technology Development

    Fire Tech Brief: 5 Fire Apparatus Technology Upgrades – firehouse.com

    Revving Up Safety: 5 Innovative Upgrades for Fire Apparatus Technology

    U.S. FDA Grants Platform Technology Designation to the Viral Vector Used in SRP-9003, Sarepta’s Investigational Gene Therapy for the Treatment of Limb Girdle Muscular Dystrophy Type 2E/R4 – Sarepta Therapeutics

    Breakthrough for Gene Therapy: FDA Designates Viral Vector in Sarepta’s SRP-9003 for Limb Girdle Muscular Dystrophy Treatment

    Waunakee Fifth-Graders Dive into the Future at Exciting Tech Day!

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Property Technology Magazine Unveils “PropTech Top 50 Index” and the “2025 PropTech Trends Report – The Great Rebuild.” – Business Wire

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home Technology

Singapore’s Oxley Swings to Six-Month Loss as Revenue Drops 63%

February 12, 2024
in Technology
Singapore’s Oxley Swings to Six-Month Loss as Revenue Drops 63%
Share on FacebookShare on Twitter

2024/02/11 by Christopher Caillavet Leave a Comment

Oxley KLCC

Oxley’s KLCC project is within a few blocks of the Petronas Twin Towers (Image: Oxley Development)

Singaporean developer Oxley Holdings posted a fiscal first-half loss attributable to shareholders of S$1.1 million, reversing a year-earlier profit of S$300,000, as revenue plunged 63 percent year-on-year to S$164.4 million ($122 million).

The reduced revenue haul in the six months to December was mainly due to lower recognised revenue for Singapore development projects, partly offset by higher revenue recognition from Oxley Towers KLCC in Kuala Lumpur and improved hotel operations, SGX-listed Oxley said in unaudited results released Thursday.

All of Oxley’s Singapore developments have received temporary occupation permits, and 100 percent of the residential and commercial units have been sold. The group is therefore shifting focus to international projects like Oxley Towers and London residential development Riverscape, said executive chairman and CEO Ching Chiat Kwong.

“Barring unforeseen circumstances, we expect profit contributions from ongoing projects in Malaysia and London over the next 12 months and foresee a rise in Singapore hotel performance amid tourism recovery,” Ching said in a release.

Trimming Debt

The six-month results include the October sale of the Grade A office tower at Oxley Towers KLCC, along with four strata-title retail units on the ground floor, to Alliance Bank Malaysia for MYR 406 million ($86 million). The bank plans to relocate its headquarters to the 24-storey tower upon completion of the building this year.

ChingChiatKwong oxley holding

Oxley executive chairman and CEO Ching Chiat Kwong

The KLCC disposal came after Oxley booked a net loss of S$85 million ($62 million) for the fiscal year to last June, with the company attributing the slide from a year-earlier S$7.3 million net profit to a 31 percent decline in revenue and a 28 percent surge in borrowing costs.

Oxley said Thursday that the group’s gearing ratio dipped to 1.44 at the end of December from 1.62 at the end of June as net borrowings fell by S$200 million to reach S$1.3 billion.

“Whilst acknowledging potential challenges in the broader economic environment, we will continue to seek opportunities to divest non-core assets,” Ching said. “Overall, we are cautiously optimistic on the outlook for 2024.”

Overseas Home Sales Update

Sales for Riverscape on the north bank of the Thames in London’s Docklands area saw modest growth, with 62 percent of the development’s 769 private homes already sold for a total of S$414 million. The 50:50 joint project with Irish developer Ballymore is expected to be gradually completed in 2024, Oxley said.

Trinity Wellnessa, a mass-market residential project in Malaysia’s Selangor state, registered 90 percent of its 463 units sold as of January for a total of S$84 million, with construction scheduled for completion in 2025.

In Singapore, Oxley’s hospitality portfolio enjoyed improved rates, with revenue from hotel operations rising 37 percent year-on-year to S$30.1 million in the fiscal first half.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : MingTiandi – https://www.mingtiandi.com/real-estate/finance/singapores-oxley-swings-to-six-month-loss-as-revenue-drops-63/

Tags: OxleySingapore’stechnology
Previous Post

Goldman Sachs Gives Up Office Floor in Hong Kong and More Asia Real Estate Headlines

Next Post

Former BlackRock Exec Anne Valentine Andrews to Head Private Markets for Manulife IM

Groundbreaking study maps the movements of marine megafauna – EurekAlert!

Revolutionary Research Unveils the Migrations of Marine Megafauna

June 7, 2025
The science behind having perfect lake days – wtol.com

Unlocking the Secrets to Your Perfect Lake Day!

June 7, 2025
For both artists and scientists, slow looking allows surprising connections to surface – The Conversation

Unlocking Creativity: How Slow Looking Sparks Unexpected Connections for Artists and Scientists

June 7, 2025
Less colorful, more meaningful: Sean O’Malley thinks lifestyle changes key to reclaim UFC gold – MMA Junkie

Sean O’Malley: Embracing Lifestyle Changes to Reclaim UFC Gold

June 7, 2025
World Cup qualifying: Haaland leads Norway to its first win vs. Italy in 25 years – FOX Sports

Historic Victory: Haaland Guides Norway to First Win Over Italy in 25 Years!

June 7, 2025
City of Albertville Breaks Ground on Alleyway Entertainment Venue – WHNT.com

Albertville Unveils Exciting New Alleyway Entertainment Venue!

June 7, 2025
Eliminating Waste, Fraud, and Abuse in Medicaid – The White House (.gov)

Eliminating Waste, Fraud, and Abuse in Medicaid – The White House (.gov)

June 7, 2025
After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ – CNBC

After Trump pulled NASA nomination, Musk ally Jared Isaacman says stint in politics was ‘thrilling’ – CNBC

June 7, 2025
Apple Watch and the future of wearable technology in healthcare – MSN

Revolutionizing Healthcare: The Future of Wearable Technology with Apple Watch

June 7, 2025
Letters to Sports: Dodgers must figure out their injured pitcher problem – Los Angeles Times

Dodgers Face a Pitching Dilemma: How to Tackle Their Injury Woes

June 7, 2025

Categories

Archives

June 2025
MTWTFSS
 1
2345678
9101112131415
16171819202122
23242526272829
30 
« May    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (675)
  • Economy (688)
  • Entertainment (21,594)
  • General (15,269)
  • Health (9,730)
  • Lifestyle (692)
  • News (22,149)
  • People (689)
  • Politics (696)
  • Science (15,907)
  • Sports (21,192)
  • Technology (15,674)
  • World (674)

Recent News

Groundbreaking study maps the movements of marine megafauna – EurekAlert!

Revolutionary Research Unveils the Migrations of Marine Megafauna

June 7, 2025
The science behind having perfect lake days – wtol.com

Unlocking the Secrets to Your Perfect Lake Day!

June 7, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version