Boustead Q3 net profit down 36% despite revenue increase

Published Thu, Feb 12, 2015 · 10:13 AM

TECHNOLOGY and engineering group Boustead Singapore reported a 36 per cent fall in net profit to S$11.8 million from S$18.4 million a year ago, for its third quarter ended Dec 31, 2014.

This was in spite of a 37 per cent revenue increase to S$177.9 million from S$129.7 million a year ago.

The disparity was due to the completion of a large design-and-build project for the firm's real estate solutions arm, which had a very low margin.

Boustead closed trading on Thursday at S$1.805, up 0.5 cent, before the results were released.

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Companies & Markets

Companies & Markets

Boustead Q3 net profit down 36% despite revenue increase

Companies & Markets

Frasers Property H1 profit slides 81% on property value losses, lower residential contributions

US bill to restrict WuXi AppTec, Chinese biotechs revised to give more time to cut ties

Barclays cuts jobs in energy transition team it only just built

UMS Holdings Q1 net profit drops 44% to S$9.8 million

SIA Engineering H2 profit rises 11.5% to S$37.8 million on robust aviation MRO demand

Great Eastern shares jump 39% as OCBC mounts S$1.4 billion privatisation bid at S$25.60 per share

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