{"id":107103,"date":"2019-05-14T11:30:02","date_gmt":"2019-05-14T04:30:02","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-profit-surges-121-in-q1\/"},"modified":"2019-05-14T12:04:37","modified_gmt":"2019-05-14T05:04:37","slug":"oxley-profit-surges-121-in-q1","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-profit-surges-121-in-q1\/","title":{"rendered":"Oxley profit surges 121% in Q1"},"content":{"rendered":"


\nIts profit gain was primarily due to fair value gain of investment properties both in Singapore and overseas.
\nHome-grown property developer Oxley\u2019s profit soared 121 percent to $67.4 million in the first quarter of 2019, from $30.6 million over the same period last year, primarily due to fair value gain of investment properties in Singapore and Dublin.
\nRevenue, however, dropped 75 percent to $59.9 million in Q1 2019, from $238.8 million in Q1 2018, mainly due to lower contributions from its project in the United Kingdom.
\nIn an SGX filing, Oxley revealed that the group\u2019s total unbilled contract value stands at $3.7 billion as at 12 March 2019, about $2 billion of which was attributable to Singapore projects while around $1.7 billion was attributable to overseas projects.
\nIt noted that the group launched 10 development projects in Singapore since April 2018, and response from buyers has been overwhelming. In fact, the company sold over 2,168 units, with sales amounting to $2.4 billion.
\nOxley executive chairman and CEO Ching Chiat Kwong expects sales momentum for its Singapore residential portfolio to improve further prior to the end of the current financial year.
\nThe property developer also expects to see an improvement on the group\u2019s cash flow and gearing, on the back of the sale of the property at 30 Raffles Place as well as two commercial buildings in Dublin Landings.
\nVictor Kang, Senior Content Specialist at PropertyGuru, wrote this story. To contact him about this or other stories, email\u00a0victorkang@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley profit surges 121% in Q1<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Its profit gain was primarily due to fair value gain of investment properties both in...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-107103","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-rRt","jetpack-related-posts":[{"id":86932,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-net-profit-down-18-8-on-absence-of-one-off-gain\/","url_meta":{"origin":107103,"position":0},"title":"CapitaLand net profit down 18.8% on absence of one-off gain","date":"May 2, 2018","format":false,"excerpt":"\r Net profit fell due to the absence of a $160.9 million gain from the sale of The Nassim a year ago. CapitaLand\u2019s net profit for the first quarter of 2018 fell 18.8 percent to $319.1 million, primarily due to the absence of a $160.9 million gain from the sale\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":24360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-full-year-profit-surges-123\/","url_meta":{"origin":107103,"position":1},"title":"Oxley full-year profit surges 123%","date":"August 30, 2016","format":false,"excerpt":"\r Oxley Holdings is developing the Royal Wharf, a massive waterfront development in London.\u00a0 Despite tough market conditions, Singapore-listed Oxley Holdings\u2019 net profit surged by 123 percent on an annual basis to $295.4 million for the financial year ended 30 June (FY2016), according to an SGX filing by the group.\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":41246,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-posts-stellar-sales-profit\/","url_meta":{"origin":107103,"position":2},"title":"Oxley posts stellar sales, profit","date":"January 20, 2017","format":false,"excerpt":"\r Ching Chiat Kwong, Executive Chairman and CEO at Oxley Holdings. Oxley Holdings announced on Thursday (19 January) that its net profit surged by 58 percent to $130.9 million during the last six months of the preceding year, compared to the same period in 2015. At the same time, the\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":64206,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-revenue-up-36-in-q4\/","url_meta":{"origin":107103,"position":3},"title":"Oxley revenue up 36% in Q4","date":"August 22, 2017","format":false,"excerpt":"\r \u00a0 Oxley Holdings saw its revenue for Q4 2017 increase by 36 percent year-on-year to S$224.33 million mainly due to revenue recognition using the completion of construction method upon the handover of certain plots in The Royal Wharf Phase 1A. Profit after tax and minority interest (PATMI) fell 41\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":106875,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/capitaland-net-profit-drops-7-4-in-q1-2019\/","url_meta":{"origin":107103,"position":4},"title":"CapitaLand Net Profit Drops 7.4% In Q1 2019","date":"May 6, 2019","format":false,"excerpt":"\r Revenue also declined 23.8 percent to $1.048 billion, mainly due to lower contributions from residential projects.\u00a0 CapitaLand saw its net profit drop 7.4 percent to $295.6 million in the first quarter of 2019, from $319.1 million over the same period last year. The decline was attributed to lower operating\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54495,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/cdl-posts-8-4-rise-in-q1-revenue\/","url_meta":{"origin":107103,"position":5},"title":"CDL posts 8.4% rise in Q1 revenue","date":"May 12, 2017","format":false,"excerpt":"\r Despite a challenging market, City Developments Limited (CDL) recorded a revenue of SGD783.8 million in Q1 2017, up 8.4% from the SGD723.3 million in the same period a year ago, revealed an SGX filing on Thursday (11 May). \u201cThe increase is attributable to improved performance from the property development\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107103"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=107103"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/107103\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=107103"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=107103"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=107103"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}