SC Global Developments Limited, one of Singapore’s leading high-end property developers, has posted an 88 percent increase in its net profit in the second quarter to S$46.29 million from S$24.63 million in the same period last year.
For the first half of 2011, its profits grew 305 percent to S$119.10 million from S$29.41 million in the previous year.
The group’s total revenue in Q2 climbed 13 percent from S$232.63 million to S$261.79 million, while its H1 revenue increased 19 percent year-on-year from S$404.52 million to S$483.02 million.
The increase in revenue was attributed to higher contributions generated from its projects in Singapore and Shenyang, China.
Meanwhile, the group expects to remain profitable for the rest of the current financial year.
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