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Boustead Projects' Q2 profit down on higher expenses, share loss
Published Mon, Nov 5, 2018 · 09:50 PM
Singapore
REAL estate solutions company Boustead Projects posted a net profit of S$8 million for its fiscal second quarter, down 16 per cent from S$9.5 million in the same period a year earlier.
This was mainly due to higher overhead expenses and share loss of an associated company and joint ventures. The dip was slightly offset by a higher gross profit.
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