{"id":64206,"date":"2017-08-22T10:34:38","date_gmt":"2017-08-22T03:34:38","guid":{"rendered":"http:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-revenue-up-36-in-q4\/"},"modified":"2017-08-22T10:44:46","modified_gmt":"2017-08-22T03:44:46","slug":"oxley-revenue-up-36-in-q4","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-revenue-up-36-in-q4\/","title":{"rendered":"Oxley revenue up 36% in Q4"},"content":{"rendered":"


\n\u00a0
\nOxley 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.
\nProfit after tax and minority interest (PATMI) fell 41 percent to S$41.54 million from S$70.75 million previously.
\nFor the entire financial year 2017, revenue jumped 37 percent to S$1.34 billion, while PATMI rose six percent to S$218.1 million.
\n\u201cWith several major completions generating good returns, FY2017 has been another year of respectable growth for Oxley,\u201d said Ching Chiat Kwong, executive chairman and CEO of Oxley.
\n\u201cOperationally, we enhanced our profile as a strong property developer, expanded our presence overseas, and improved on our project pipeline. We further capitalised on our strengths by establishing more quality partnerships in various markets under the asset-light model, thereby maintaining capital efficiency,\u201d he said.
\n\u201cAll the issued bonds were redeemed ahead of or on schedule, resulting in lower gearing for the Group. In view of the prevailing market conditions, especially with some signs of recovery in the Singapore property market, we are in a position to seize opportunities presented to the Group.\u201d
\nAs at 30 June 2017, cash and cash equivalents of the group stood at S$413.5 million. With total borrowing falling further to S$2,458 million, net gearing also dropped 1.9 times compared to 2.2 times as at 30 June 2016.
\nWith presence in 11 geographical markets across the world, Oxley has a total unbilled contract value of S$2.45 billion, around S$0.34 billion of which was attributable to Singapore projects and S$2.11 billion to overseas projects.
\n\u00a0
\nThis article was edited by Denise Djong.
\n
\nSource : proppertyguru.com.sg\/Property Market
\nRead more…Oxley revenue up 36% in Q4<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u00a0 Oxley Holdings saw its revenue for Q4 2017 increase by 36 percent year-on-year to...<\/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-64206","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-gHA","jetpack-related-posts":[{"id":24360,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-full-year-profit-surges-123\/","url_meta":{"origin":64206,"position":0},"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":64206,"position":1},"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":107103,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-profit-surges-121-in-q1\/","url_meta":{"origin":64206,"position":2},"title":"Oxley profit surges 121% in Q1","date":"May 14, 2019","format":false,"excerpt":"\r Its profit gain was primarily due to fair value gain of investment properties both in Singapore and overseas. Home-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\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":104691,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxley-insists-it-can-repay-its-hefty-debts\/","url_meta":{"origin":64206,"position":3},"title":"Oxley insists it can repay its hefty debts","date":"March 5, 2019","format":false,"excerpt":"\r Oxley\u2019s executive chairman and CEO Ching Chiat Kwong. Developer Oxley Holdings has clarified that it expects to recognise a higher amount of revenue from its local and overseas developments than what was recently reported, revealed an SGX filing on Friday (1 Mar). \u201cThe group\u2019s local projects are worth approximately\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":92698,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/oxleys-the-verandah-residences-fully-sold-within-three-months\/","url_meta":{"origin":64206,"position":4},"title":"Oxley\u2019s The Verandah Residences fully sold within three months","date":"June 28, 2018","format":false,"excerpt":"\r Artist\u2019s impression of The Verandah Residences, a 170-unit freehold project whose design is inspired by Singapore\u2019s black and white colonial bungalows.\u00a0 Oxley Holdings has achieved 100 percent sales at The Verandah Residences within three months since its official launch on 7 April. With average unit prices at $1,795 psf,\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":54787,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/heeton-posts-12-4-rise-in-q1-revenue\/","url_meta":{"origin":64206,"position":5},"title":"Heeton posts 12.4% rise in Q1 revenue","date":"May 15, 2017","format":false,"excerpt":"\r Profit shares\u00a0from associated firms and joint ventures slumped from S$6.26 million to S$2.11 as Heeton stopped recognising earnings\u00a0from completed residential projects NEWest, KAP\u00a0and KAP Residences (pictured) (Image: Oxley Sanctuary Pte. Ltd.). Heeton Holdings Limited\u2019s revenue increased by 12.4 percent to S$15.49 million in the first quarter of 2017 compared\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\/64206"}],"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=64206"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/64206\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=64206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=64206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=64206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}