Boustead Singapore Q1 net profit quadruples
Group reports S$12.2m profit as revenue rises 18% on gains from sale of 25 Changi North Rise and forex gains
Singapore
BOOSTED by better operating performance and sizeable other gains, infrastructure engineering company Boustead Singapore Limited reported a quadrupled net profit of S$12.2 million for its fiscal first quarter ended June 30, from S$2.9 million from a year ago.
Revenue rose 18 per cent from S$90.3 million to S$107 million.
