Better margins and JV gain lift OKP's Q1 earnings
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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 from units of the development which were ready for handover during the first quarter of 2017.
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