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Boustead's Q4 net drops 30% as orders shrink, expenses rise

Real estate arm Boustead Projects also suffers earnings slide as margins come under under pressure

boustead150527.jpg
An artist's impression of the new Charles & Keith Holdings' headquarters in Paya Lebar iPark, which was desgined and built by Boustead Singapore. Engineering services group Boustead Singapore reported a 30 per cent year-on-year slide in net profit to S$17.86 million for the fourth quarter ended March 31, 2015, amid a challenging operating environment.

Singapore

ENGINEERING services group Boustead Singapore reported a 30 per cent year-on-year slide in net profit to S$17.86 million for the fourth quarter ended March 31, 2015, amid a challenging operating environment.

Revenue was also lower, down 14 per cent year on year to S$122.

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