Wheelock Properties achieved revenue of $38 million and profit after tax of $32 million for the 3rd quarter ended 30 September 2012, a decrease of 77% and 60% respectively when compared to the same period last year.
The group achieved revenue of $180 million and profit after tax of $94 million for the 9-month ended 30 September 2012, a decrease of 46% and 45% respectively when compared to the same period last year.
The decrease in revenue for the 3rd quarter and 9-month ended 30 September 2012 was mainly due to no further progressive recognition of profits from sold units in Scotts Square as it was completed last year and lower sales from Scotts Square compared to the same period last year. This was partially offset by higher sales from Orchard View and revenue from Scotts Square Retail in the current period.
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