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Boustead's Q4 net drops 30% as orders shrink, expenses rise
Real estate arm Boustead Projects also suffers earnings slide as margins come under under pressure
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Published Tue, May 26, 2015 · 09:50 PM
Singapore
ENGINEERING services group Boustead Singapore reported a 30 per cent year-on-year slide in net profit to S$17.86 million for the fourth quarter ended March 31, 2015, amid a challenging operating environment.
Revenue was also lower, down 14 per cent year on year to S$122.33 million due to lower revenue across most segments.
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