Boustead Projects' earnings dip 2% to S$5.7m in Q4
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REAL estate player Boustead Projects saw earnings slip 2 per cent to S$5.7 million for the fourth quarter, amid weaker gross margins in its core design-and-build segment, coupled with depreciation costs for its Alice@Mediapolis project.
Gross margins for the quarter fell to 18 per cent from 28 per cent a year ago, due to lower cost savings from previously completed projects.
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