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FY2017 Annual Report: ESR-REIT profits hit by 91% fall Corporate Wire Date: 20 November 2018 16:35 SGT

Nov 20, 2018 - News Bites - Asia: Singapore

SINGAPOREAN RESULTS

ESR-REIT (SI:J91U) reported net profit for the year-ended 31 December 2017 of SGD614,000 ($US459,373), down 91.3% from SGD7.1m ($US4.9m) in the previous year.

Major changes compared with previous year:

Favourable Changes:

- Net tangible assets per share up 10.9% from SGD0.64 (US44c) to SGD0.71 (US53.3c)

Unfavourable Changes:

- Total Liabilities to Operating Cash Flow of 11.1 compares unfavourably with the Joseph Piotroski benchmark of less...