Aug 11, 2010

AFP's Q2 net profit up 21%

By ANGELA TAN

Asia Food & Properties Ltd reported on Wednesday that its net profit for the second quarter of 2010 grew 20.9 per cent from a year ago to S$28.77 million.

Revenue was up 15.60 per cent at S$110.47 million, underpinned by revenues from property development and management, country club and hotel operations in Indonesia, Chengdu and Shenyang in China, Malaysia and Singapore.

Dividend : None