Company Briefs

Soilbuild's Q2 earnings down 11%

SOILBUILD Construction Group yesterday reported an 11 per cent drop in net profit to S$5.2 million for its second quarter ended June 30, despite revenue holding steady at S$67.7 million from a year ago. This was largely due to a slight share of losses from joint ventures, compared with a profit of S$2.1 million a year ago. Earnings per share fell to 0.79 Singapore cent for the quarter, from 1.04 Singapore cents a year ago. It declared an interim dividend of 0.5 Singapore cent per share.

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