Eastern Holdings' net profit slumped 94.1% to $1.4m in FY15
On back of lower revenue recognition.
Eastern Holdings reported that its full-year net profit slumped 94.1% to $1.4m in FY15.
This was on back of lower revenue recognised from the sale of four residential units of Grove Residence, as well as lower revenue from its media sector.
The group's comparable results were also boosted by one-off gains, which were not present in the current reporting period.