Company Briefs

Bukit Sembawang Q2 earnings down 33%

BUKIT Sembawang's second quarter profit fell 33 per cent per cent to $25.36 million, from $37.91 million a year ago, on lower profit recognition for development projects. Revenue fell 28.5 per cent to $87.77 million, from $122.8 million a year earlier. Half-year profit fell 13.6 per cent to $75.54 million, despite a 9.4 per cent rise in top-line to $249.44 million. The company said it expected residential property market conditions to remain challenging amid the government property cooling measures. No dividend was declared.

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