Ho Bee’s Q2 net profit jumps to $157.3m

Property developer Ho Bee Investment posted net earnings of $157.3 million for the second quarter ended June 30, 2009, up from $36.96 million in the same year-ago period. Revenue rose from $116.8 million in Q2 2008 to $740.8 million in Q2 this year.

Ho Bee’s first-half net profit jumped to $194.6 million from $63.1 million in the same period last year.

Source : Business Times – 14 Aug 2009

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