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Boustead Q2 profit drops 41% on oil and gas weakness

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Published Fri, Nov 13, 2015 · 09:50 PM

Singapore

BOUSTEAD'S net profit fell 41 per cent in its second fiscal quarter as demand from the oil and gas segment weakened, the infrastructure engineering company said.

Earnings fell to S$10.3 million, or two Singapore cents per share, for the three months ended September. For its fiscal first-half, profit halved to S$16.6 million, or 3.2 Singapore cents per share.

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