Singapore's Wing Tai Holdings FY revenue jumps on higher sales commissions

Wing Tai Holdings

25/08/2026 13:48

Overview
Singapore property developer's full-year revenue rose sharply yr/yr
Gross profit and operating income increased significantly from previous yr
Higher sales commissions for Singapore developments drove distribution expenses up

Outlook
Company did not provide specific guidance or outlook for the current or future periods

Result Drivers
SINGAPORE PROPERTY SALES - Higher sales commissions for Singapore developments drove up distribution expenses
OPERATING EXPENSES - Administrative and other expenses rose due to higher accrued operating expenses
FINANCE COSTS - Decrease in finance costs mainly due to progressive repayment of bank loans for development properties in Singapore

Company press release: ID:nSN1dc905

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
FY Revenue
 
S$617.35 mln
 
FY Gross Profit
 
S$164.92 mln
 
FY Operating Income
 
S$50.53 mln
 

Analyst Coverage
The stock recently traded at 23 times the next 12-month earnings vs. a P/E of 24 three months ago

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)