The group says that the increase in net profit was mainly supported by strong recurring rental income, a higher share of profits from joint ventures, and lower interest expense.
Ho Bee Land’s commercial portfolio in Singapore and London had an overall occupancy of more than 95%. Its London portfolio recorded a fair value gain of $6.1 million in 1HFY2025.
Earnings per share increased to 7.50 cents in 1HFY2025, while net gearing remained stable at 0.63x.
Shares in Ho Bee Land closed 2 cents higher or 0.971% up at $2.08 on Aug 14.
