{"id":24360,"date":"2016-08-30T10:25:06","date_gmt":"2016-08-30T03:25:06","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-full-year-profit-surges-123\/"},"modified":"2016-08-30T10:28:58","modified_gmt":"2016-08-30T03:28:58","slug":"oxley-full-year-profit-surges-123","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-full-year-profit-surges-123\/","title":{"rendered":"Oxley full-year profit surges 123%"},"content":{"rendered":"


\nOxley Holdings is developing the Royal Wharf, a massive waterfront development in London.\u00a0
\nDespite 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.
\nAt the same time, its profit after tax and minority interests (PATMI) soared by 162 percent year-on-year to $206 million.
\nThe significant gain was due to a 40 percent increase in revenue to $981.4 million, derived from eight of its residential and mixed-use projects, industrial project Ecotech@Sunview, as well as rental income from investment properties.
\nMoreover, Oxley\u2019s net gearing ratio declined to 2.8 times in the period under review from 3.1 times a year ago. This is expected to decrease further in the coming year on the back of strong revenue and cost recognition from the completion of Oxley Tower in Singapore, and the progressive completion and handover of units to buyers for phase one of the Royal Wharf in London, from which it expects to receive around \u00a3400 million (S$715 million) in cash inflow for FY2017.
\n\u201cOxley has an unbilled contract value of $3 billion, and completion of developments in Singapore and phase one of the Royal Wharf over the next 12 months will enhance the cash position of the group,\u201d said its Executive Chairman and CEO Ching Chiat Kwong.
\nThe group is also working on a development in Ireland comprising four commercial and seven residential blocks. Construction has already started and is targeted for completion by 2019.
\nIn Yangon, the company plans to launch Oxley Convention City this year, followed by Min Residences in 2017.
\n\u201cWe made several breakthroughs and milestones in our overseas projects in the UK, Ireland and Cambodia in the past financial year and together with the contributions from the Singapore projects, Oxley has delivered another year of growth,\u201d Ching added.
\n\u00a0
\nRomesh Navaratnarajah, Senior Editor at PropertyGuru, edited this story. To contact him about this or other stories, email\u00a0romesh@propertyguru.com.sg
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley full-year profit surges 123%<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Oxley Holdings is developing the Royal Wharf, a massive waterfront development in London.\u00a0 Despite tough...<\/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-24360","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\/p75ss1-6kU","jetpack-related-posts":[{"id":41246,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-posts-stellar-sales-profit\/","url_meta":{"origin":24360,"position":0},"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":75297,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-from-interested-person\/","url_meta":{"origin":24360,"position":1},"title":"Oxley Holdings acquires freehold property from interested person","date":"December 27, 2017","format":false,"excerpt":"\r Oxley Holdings, via its wholly-owned subsidiary Oxley Amethyst Pte Ltd, has exercised an option to acquire a property along Balestier Road for $38 million from Owen Private Limited. With a land area of around 1,118.4 sq m, the freehold property is zoned residential with commercial on the first storey\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":24360,"position":2},"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":55907,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-acquires-freehold-property-at-east-coast-for-s10-5mil\/","url_meta":{"origin":24360,"position":3},"title":"Oxley Holdings acquires freehold property at East Coast for S$10.5mil","date":"May 25, 2017","format":false,"excerpt":"\r \u00a0 Oxley Holdings Limited had exercised an option to acquire the freehold property at 494 Upper East Coast Road for S$10.5 million. With a land area of 1,292.1 sq m, the property is zoned \u201cpart residential\/part road\u201d. In an SGX filing, Oxley revealed plans to \u201credevelop the property, subject\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":65056,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-holdings-to-buy-yio-chu-kang-property-for-8-4-million\/","url_meta":{"origin":24360,"position":4},"title":"Oxley Holdings to buy Yio Chu Kang property for $8.4 million","date":"August 31, 2017","format":false,"excerpt":"\r View of the residential property at 208 Yio Chu Kang Road. Source: Google Maps Oxley Garnet, a wholly-owned subsidiary of property developer Oxley Holdings, has exercised options to purchase six housing units with vacant possession at 208 Yio Chu Kang Road for a total of $8.4 million, the group\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":72678,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/from-policeman-to-property-developer\/","url_meta":{"origin":24360,"position":5},"title":"From policeman to property developer","date":"November 23, 2017","format":false,"excerpt":"\r Oxley Holdings CEO Ching Chiat Kwong. Ching Chiat Kwong has juggled many roles in his life. Never one to shy away from taking risks, he took the plunge to become a developer 10 years ago. Today, his company Oxley Holdings is a major property player, both at home and\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"https:\/\/i1.wp.com\/www.siamlandbank.com\/propertynews\/wp-content\/uploads\/2017\/11\/Mayfair-Gardens-crop.jpg?fit=820%2C410&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24360"}],"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=24360"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/24360\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=24360"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=24360"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=24360"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}