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Boustead Projects reports 972% surge in 2HFY21 earnings of S$133.9 mil due to the Boustead Industrial Fund

2021-05-25T17:43:57-04:00May 25th, 2021|
Boustead Projects reports 972% surge in 2HFY21 earnings of S$133.9 mil due to the Boustead Industrial Fund

SINGAPORE (May 25): Boustead Projects, a leading provider of real estates solutions, has reported earnings of S$133.9 million for the 2HFY21 ended March on Tuesday.

The figure, which represents a 964% y-o-y surge or 10.6 times higher than earnings of S$12.6 million in the corresponding period the year before, was due to the successful launch of the Boustead Industrial Fund (BIF) on March 4.

The BIF came with a BIF value unlocking gain of S$134.8 million recorded from…(click on link for full story on theedgesingapore.com)

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