Bund Center Investment H1 net profit more than doubled to S$7.78 million; revenue rises 4.3% to S$41.78 million
Reuters2026/08/11 10:29Bitget offers one-stop trading for cryptocurrencies, stocks, and gold. Trade now!
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- Bund Center Investment posted 1H 2026 profit of S$ 7.78 million, more than doubled from a year earlier, on revenue up 4.3% to S$ 41.78 million.
- Operating profit rose 15.2% to S$ 6.76 million, while profit before income tax climbed 89.1% to S$ 12.62 million.
- Other operating income swung to S$ 3.6 million from other operating expenses of S$ 1.72 million, driven by unrealized FX gains and government grants.
- Income tax expense increased 31.4% to S$ 4.84 million, reflecting higher taxable profits at a key PRC operating subsidiary.
- Management flagged tenant-favorable office leasing conditions and intense Shanghai hotel competition, maintaining focus on yield management, cost discipline, and targeted upgrades.
Disclaimer:
This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Bund Center Investment Ltd. published the original content used to generate this news brief via Singapore Exchange Limited (SGX) (Ref. ID: PLED3N8EQP6LF6AW) on August 11, 2026, and is solely responsible for the information contained therein.
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