Thursday, May 6, 2010

Hersing's Q1 net profit surges on property sales

SINGAPORE - Hersing Corporation Ltd reported on Thursday that its net profit for the first quarter of 2010 more than tripled to $4.73 million (US$3.41 million), compared to $1.32 million a year ago.

Turnover jumped 93.5 per cent to $62.14 million due to an increase in marketing fees earned from the resale property market and new project launches.

Source: Business Times, 6 May 2010

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