Civmec's Q4 profit drops 35.4% to S$956,000
Group's performance hit by joint-venture loss, higher admin costs
Add BT as a preferred sourceSingapore
A SHARE in the loss of a joint venture along with higher administrative expenses dented results for Civmec for its fourth quarter.
The Australia-headquartered construction and engineering services company for the oil and gas, metals and minerals, infrastructure and defence sectors said that the higher administrative costs reflected the group's investment in securing large engineering, procurement, and construction projects.
TRENDING NOW
‘The answers are all uncertain’: True Singapore ex-employees in limbo over salaries, CPF contributions for September
DBS chief Tan Su Shan rules out entering politics, calls for diverse talent to boost policy debate
‘A bank should ask questions’: Five DBS accounts linked to Jho Low associate in 1MDB case
True Fitness, True Yoga close all outlets; liquidators start winding-up process
