For the financial year ended 31 December 2022, SingLand achieved a net profit attributable to equity holders of $455.1 million, up 37% from $331.2 million the year before.
The Group recorded a 21% increase in revenue to $611.0 million. This was mainly boosted by the surge in revenue from hotel operations, which rose by 113% to $195.7 million due to the easing of COVID-related restrictions. With the higher sales from our V on Shenton and Mon Jervois residential projects, revenue from property trading also increased by 34% to $54.4 million. Revenue from property investment however fell slightly to $255.0 million mainly due to the ongoing extensive asset enhancement works at Singapore Land Tower. Higher share of results from associates and joint ventures by $31.4 million, mainly attributed to the property trading segment, also contributed to the better performance this year.
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