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Bukit Sembawang Estates posts 67.2% drop in Q4 profit

Friday, May 26, 2017 - 18:01

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Bukit Sembawang Estates Ltd marked a 67.2 per cent drop in net profit for the fourth quarter ended March 31 to S$2.26 million as it incurred higher other operating expenses and tax expense.

BUKIT Sembawang Estates Ltd marked a 67.2 per cent drop in net profit for the fourth quarter ended March 31 to S$2.26 million as it incurred higher other operating expenses and tax expense.

The expenses offset a 24.3 per cent rise in revenue to S$15.21 million on the back of recognition from Luxus Hills Phase 6 and 7 and Skyline Residences.

For the full year, net profit also dropped 21.2 per cent to S$72.46 million as revenue slipped 49.2 per cent to S$143.4 million.

The company declared a final dividend of four cents and a special dividend of 29 cents, both unchanged from a year ago.

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