OKP Holdings' Q3 profit plunges 62.4%

Singapore

INFRASTRUCTURE and civil engineering company OKP Holdings Ltd posted a 62.4 per cent drop in its third-quarter net profit to S$742,000, on the back of lower revenue, which was partially due to an accident in July at the worksite of its subsidiary Or Kim Peow Contractors.

On Tuesday, OKP announced that earnings per share for the three months ended Sept 30, 2017 stood at 0.24 Singapore cent, down from 0.64 Singapore cent the year before.