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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

Nisha Ramchandani

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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boustead projects

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Companies & Markets

Companies & Markets

Boustead's Q4 net drops 30% as orders shrink, expenses rise

Nisha Ramchandani

KEYWORDS IN THIS ARTICLE

Companies & Markets

Oil settles higher on supply concerns in the Mid-East, economic woes subdue gains

S-Reits falter as investors weigh possibility of zero rate cuts in 2024

CapitaLand Investment posts total revenue of S$650 million for Q1

Europe: Stoxx 600 logs best day in three months as banks shine

US: Stocks rally after strong tech results

Porsche posts Q1 profit drop on ramp-up costs

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