Boustead Projects' Q4 profit falls 59% on absence of one-off gain

Singapore

MAINBOARD-LISTED Boustead Projects booked a 59 per cent slide in its fiscal fourth-quarter profit to S$5.81 million on the absence of a one-off gain a year earlier.

The one-off gains in Q4 2017 stemmed from compensation for AusGroup's early lease termination at its 36 Tuas Road property and the sale of Boustead Project's interest in TripleOne Somerset.