Lower profit margins take a toll on OKP's Q4 earnings

Singapore

INFRASTRUCTURE and civil engineering company OKP Holdings posted a 75 per cent fall in net profit for the fourth quarter, as a lower profit margin for some projects weighed on earnings.

For the three months ended Dec 31, 2017, the mainboard-listed company announced that net profit was S$2 million. Earnings per share (EPS) for Q4 2017 stood at 0.64 Singapore cent, down from 2.60 Singapore cents a year ago.