OKP's profit falls 2.4% to S$281,000 in Q3 even as revenue rises 0.8%


INFRASTRUCTURE and civil engineering company OKP Holdings on Monday reported a 2.4 per cent drop in net profit to S$281,000, while revenue rose a marginal 0.8 per cent to S$26.2 million for its third quarter ended Sept 30, 2014.

Earnings per share was flat at 0.09 Singapore cent for the quarter.

The latest results bring its nine-month net profit to S$1.69 million, a 49.9 per cent drop year-on- year, despite a 8.3 per cent increase in revenue to S$83.8 million.

This was due to higher administrative...

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