Bukit Sembawang Estates posts 67.2% drop in Q4 profit

Singapore

BUKIT Sembawang Estates Limited marked a 67.2 per cent drop in net profit for the fourth quarter ended March 31 to S$2.26 million, due mainly to higher other operating expenses and tax expense.

Other operating expenses jumped 151.5 per cent from a year ago to S$6.59 million, mainly due to additional allowance for foreseeable losses on development properties of S$5.8 million for Paterson Collection.