SINGAPORE (Feb 26): GSH Corporation, which develops properties and run resorts, has reported a 28% y-o-y growth in earnings to S$7.6 million for the year ended Dec 31, 2019. 

Revenue, in the same period, was up 53.3% to S$153.7 million, as the company recognised progressive sales from its two residential development projects — Eaton Residences in Kuala Lumpur and Coral Bay in Kota Kinabalu.

For 4QFY2019, the company’s revenue more than doubled to S$50.4 million, with contributions from the property businesses.

However, GSH reported a loss of S$1.3 million for the quarter, as it wrote down goodwill of S$13.7 million in an associate company that has...(click on link for full story on theedgesingapore.com)

Click here to see commercial properties for sale in Kuala Lumpur and Kota Kinabalu, Sabah.

Click here for more property stories.