SC Global Developments has reported a net profit of S $ 72.8 million in the first quarter, an increase of 15 times S $ 4,780,000 Net income for the same period last year. This is mainly due to the appreciation of higher incomes leading to the development group project in Mexico as a building and the effects of accounting changes for adoption of the Financial Reporting Standard combined SIC-115.
In the future, the company said that demand for long-term investors and genuine buyers will this year that activities under-speculative sales and purchases are subject announced by the property because of the government cooling measures in January this year. Real Estate Guru.
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