Singhaiyi

Singhaiyi: 2QFY15 profit plunged 76% y/y to $1.9m as revenue dropped 54.7% y/y to $5.9m on 83.9% y/y lower income from property development ($1.9m) partially offset by tripling of income from rental ($3.8m). Other income decreased by $11.0m to $2.0m due to absence of provisional gain, operating expenses decreased substantially due to lack of projects launch and other payments. BVPS increased to 14.73 cents.