Eastern Holdings' net profit slumped 94.1% to $1.4m in FY15

On back of lower revenue recognition.

Eastern Holdings reported that its full-year net profit slumped 94.1% to $1.4m in FY15.

This was on back of lower revenue recognised from the sale of four residential units of Grove Residence, as well as lower revenue from its media sector.

The group's comparable results were also boosted by one-off gains, which were not present in the current reporting period. 

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!