SGX Market Update :HLH Group’s 2Q earnings spike to $3.5 mil on revaluation gain .

SINGAPORE (Aug 2): Mainboard-recorded HLH Group on Tuesday posted income of $3.47 million for 2Q16, contrasted with $185,000 in the same quarter a year ago.

This was mostly because of a revaluation increase of $4.0 million on HLH’s D’Kranji Resort, the organization said in a SGX recording.

HLH’s 2Q income grew 29% to $1.89 million from $1.47 million a year ago, for the most part credited to an expansion in collaboration wage from the Group’s joint operations with Zhong Fu International Investment (Cambodia).

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