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Boustead Singapore's Q1 profit falls 58% on FX loss, weak markets
Add BT as a preferred sourcePublished Thu, Aug 10, 2017 · 09:50 PM
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Singapore
INFRASTRUCTURE engineering company Boustead Singapore's net profit for its fiscal first quarter fell 58 per cent to S$2.9 million, or 0.6 Singapore cent per share, on currency effects, and weakness in the oil & gas and Singapore industrial real estate markets.
Revenue for the three months ended June 30 shrank 21 per cent to S$90.3 million on slowdown in all key segments, the company announced on Thursday after the market closed.
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