Oxley Holdings Ltd. announced unaudited group earnings results for the second quarter and six months ended December 31, 2012. For the quarter, the company's net profit attributable to shareholders surged 133% to SGD 12.8 million on revenue of SGD 59.8 million, compared to net profit attributable to shareholders of SGD 5.5 million on revenue of SGD 38.0 million in the previous corresponding period a year ago. Earnings per share were 0.42 cents, about 200% higher than the 0.14 cents reported a year ago. Net profit, which rose along with the increase in revenue, was partly lifted by rental income of SGD 3.8 million mainly from The Corporate Office (the site of the future Oxley Tower) at Robinson Road, and McDonald's Place at King Albert Park. Profit before income tax was SGD 15.291 million against SGD 6.936 million a year ago. Net cash flows used in operating activities were SGD 157.529 million against SGD 89.485 million a year ago.

For the six months, the company reported a 73% rise in net profit attributable to shareholders to SGD 21.3 million, compared to SGD 12.3 million posted in the previous corresponding period a year ago. The company also registered a 49% increase in revenue to SGD 109.8 million, compared to SGD 73.7 million in the previous corresponding period a year ago. Earnings per share rose 81% to 0.67 cents, from 0.37 cents a year ago. Profit before income tax was SGD 25.719 million against SGD 15.361 million a year ago. Net cash flows used in operating activities were SGD 126.637 million against SGD 94.497 million a year ago. Purchase of plant and equipment was SGD 0.009 million against SGD 0.003 million a year ago. Net asset value per ordinary share based on total number of issued shares as at December 31, 2012 was 6.67 cents against 5.23 cents as at June 30, 2012.