Soilbuild Construction posts 15% rise in Q1 profit

Singapore

SOILBUILD Construction Group chalked up a 15 per cent year-on-year increase in net profit to S$4.43 million for the first quarter ended March 31, 2015, even as revenue declined.

Revenue for the quarter fell 19 per cent to S$70.42 million due to the completion of several major construction projects last year, partially offset by progressive revenue contributions from newly secured projects since Q4 FY2014.