You are here

Boustead's Q4 profit dips on lower value of one-time items

Company proposes dividend of 5 cents, including special dividend of 2 cents
Tuesday, May 27, 2014 - 06:00
bousteadceowongff270514.jpg
Boustead chairman and group chief executive officer Wong Fong Fui said competition was clicking higher in the real estate solutions space, compelling the group to differentiate itself with its design and build capabilities - PHOTO: BOUSTEAD SINGAPORE LIMITED

BOUSTEAD Singapore's net profit for the fourth quarter ended March 2014 slipped 8 per cent to $25.5 million from a year ago, dragged down by lower value of non-recurring items. For the full year, net profit declined 13 per cent to $70.7 million, also due to lower value of non-recur-ring items.