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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

Published Mon, Aug 13, 2018 · 09:50 PM

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.

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