Corporate digest

Boustead Projects

THE real estate solutions specialist announced that its wholly owned subsidiary, Boustead Projects E&C Pte Ltd, has secured a design-and-build contract from Yusen Logistics (Singapore) Pte Ltd. The contract is for the redevelopment of an existing logistics facility in Tuas, set to be completed by Q4 2018.

Raffles Education

RAFFLES Education Corporation (Raffles Edu) saw a lift to results in its full financial year ended June 30. Net profit was S$627,000, a reversal from a net loss of S$21.103 million in the year-ago period, the group said in an SGX filing on Wednesday evening. Revenue sank 13 per cent to S$96.22 million from S$111.03 million of the preceding year. The contraction in revenue was due partly to the discont…