First Sponsor bounces back to into the black with $7.6m profit in Q2

Thanks to higher property sales.

Mainboard-listed First Sponsor Group reported that its net profit grew to $7.6m in the second quarter, compared to a net loss of $3.2m in the same quarter last year.

The group, which develops properties in the People's Republic of China, attributed its good results to better property sales.

First Sponsor has declared an interim dividend of 0.7 Singapore cents per share.
 

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