Sinyi’s net income jumps more than 10% annuallyBy Crystal Hsu / Staff reporterSinyi Realty Inc (信義房屋) yesterday posted NT$460 million (US$16.46 million) in net income for the first quarter, more than 10 times the amount reported a year earlier when the COVID-19 outbreak had slowed transactions. A Sinyi Realty Inc store is pictured in the Jinmei area of Taipei’s Wensha District on Sept. 29, 2017. The company yesterday posted NT$460 million (US$16.46 million) in net income for the first quarter, more than 10 times the amount reported a year earlier when the COVID-19 outbreak had slowed transactions. Sinyi’s brokerage business generated 80 percent of its revenue last quarter, while its agency and development arms contributed about 12 percent and 8 percent respectively. Sinyi said agency business is unlikely to grow in the second half, as developers have become conservative.

Source: Taipei Times May 11, 2021 15:56 UTC