Boustead Q2 profit drops 41% on oil and gas weakness
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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.
