Boustead's Q4 profit dips on lower value of one-time items

BOUSTEAD Singapore's net profit for the fourth quarter ended March 2014 slipped 8 per cent to $25.5 million from a year ago, dragged down by lower value of non-recurring items.

For the full year, net profit declined 13 per cent to $70.7 million, also due to lower value of non-recur-ring items. Revenue inched up to $513.7 million from $513.2 million.

"After adjusting for $10.8 million of significant non-recurring items in FY2014 (FY2013: $24.6 million), the adjusted profit attributable to owners of the company for FY2014 would have been 6 per cent higher than that of FY2013," said Boustead.