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Boustead Singapore H1 profit dips 2%, revenue up as real estate business recovers

Boustead Projects leads growth on improved revenue recognition for engineering, construction work

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Sharanya Pillai

Sharanya Pillai

Published Fri, Nov 12, 2021 · 09:50 PM
Boustead Singapore

Singapore

BOUSTEAD Singapore posted a 2 per cent drop in net profit to S$21.3 million for the half-year ended September, as a result of the resumption of "more normalised" revenue recognition at its real estate unit, Boustead Projects.

The company has declared an interim dividend of 1.5 Singapore cents per share, up from 1 cent per share in the year-ago period.

boustead singaporeFinancial results

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