Better margins and JV gain lift OKP's Q1 earnings

Singapore

HIGHER revenue combined with higher margins and contribution from a joint venture lifted OKP Holdings' first-quarter net profit to S$5.05 million, a 172.7 per cent jump from S$1.85 million a year ago.

The infrastructure and civil engineering firm, which has a 10 per cent stake in Lakehomes that develops Lake Life executive condominium in Jurong, recorded a gain of S$1.6 million. It was based on the recognition of profits fr…