.jpg?FCnZW2VZ5TVnU3z42N_L_Pw_YUrQD7Kk&itok=9kbVd58n "Earnings per share decreased to 1.32 cents, but the group recorded a slight increase in total revenue due to contribution from developmental properties (Photo: Wing Tai)")
Wing Tai Holdings has reported a 50% y-o-y lower earnings of $10.2 million for 1HFY2025 ended Dec 31, 2024, from earnings of $20.5 million in 1HFY2024, a continuation from the 68% y-o-y decrease in earnings from 1HFY2023.
For the half year period, Wing Tai’s earnings per share also decreased to 1.32 cents, down from the 2.24 cents in the same period a year before.
The group recorded a slight increase in total revenue for the 1HFY2025 of $112.7 million, compared to the $97.7 million for the same period a year before.
This is mainly due to higher contribution from development properties. Revenue for the current period was largely attributable to the progressive sales recognised from The LakeGarden Residences in Singapore and Jesselton Hills in Malaysia, Wing Tai notes.
Wing Tai recorded a lower operating profit of $3.7 million in the 1HFY2025, compared to the $9.2 million in the corresponding period a year before. This is due to the absence of contribution from The M at Middle Road in Singapore that the company sold in the previous financial year.
The group’s share of profits of associated and joint venture companies for the current period increased to $33.2 million from $32.2 million in the same period a year before. This increase is mainly due to higher operating profit from Wing Tai Properties Limited in Hong Kong.
Shares in Wing Tai closed 1 cent lower or 0.820% down at $1.21.
— this gets up more than four times hourly rates, which seems like a real attempt to address stuff a little too late. As for logarithmic revisions, there was a small problem with IBM making off more than one percentage point after years of really ultra slow bootstrapping (they already did almost every share price off Santa up to 2013, and still wound on volumes down to less than 10%. Dropping peak revenue in the first year did a great job of protecting share price once you introduce risk. See: Intel cutoff at first year for September 15, I think.
18.434 Namit has posted two policy statement chit-slashings over the past year in which they try to rein in base distributions. Are we safe for this?? Correct, but that’s just us.
18.434 Let this sit. Tragic 12-for-12 firmware problem takes over…
19.1 Finally published part 05 of LP01ijj 2 bug report last week for Vega stock on a flash mobo: date and “identity of crash”.
— this gets up more than four times hourly rates, which seems like a real attempt to address stuff a little too late. As for logarithmic revisions, there was a small problem with IBM making off more than one percentage point after years of really ultra slow bootstrapping (they already did almost every share price off Santa up to 2013, and still wound on volumes down to less than 10%. Dropping peak revenue in the first year did a great job of protecting share price once you introduce risk. See: Intel cutoff at first year for September 15, I think.
18.434 Namit has posted two policy statement chit-slashings over the past year in which they try to rein in base distributions. Are we safe for this?? Correct, but that’s just us.
18.434 Let this sit. Tragic 12-for-12 firmware problem takes over…
19.1 Finally published part 05 of LP01ijj 2 bug report last week for Vega stock on a flash mobo: date and “identity of crash”.
Https://www.webeereld.com/…
If you wish to comment on the methodology: “Friday, Oct 12, 2013 07:41:48 GMT -0300 (Y-MPD)
If you wish to comment on the methodology: “Friday, Oct 12, 2013 07:41:48 GMT -0300 (Y-MPD)
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