OKP Holdings' Q2 earnings fall 15.6%

Singapore

LOWER revenue from its core businesses and a higher bill from the taxman have lowered earnings at engineering firm OKP Holdings for the second quarter.

It reported on Monday a fall in net profit to S$2.5 million, down 15.6 per cent from last year, weighed down in part by a 178 per cent spike in income tax expenses to S$0.5 million.