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Oxley's Q2 profit down 45% on lower revenue, thinner margins

Earnings also hit by fair value loss of S$17m on financial instruments; company proposes one-for-five bonus share issue

Published Thu, Jan 18, 2018 · 09:50 PM

Singapore

LOWER turnover and thinner margins for projects sold in the second fiscal quarter, coupled with a fair value loss of nearly S$17 million on financial instruments, took a toll on Oxley Holdings' earnings.

For the three months ended Dec 31, 2017, net profit dived 45 per cent to S$68 million, while revenue tumbled 33 per cent to S$406.1 million from the previous year.

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