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TEE Int'l Q2 profit falls 35%; revenue rises 13.9%

Group's engineering order book up by $100m from Q1 to $275m

Published Fri, Jan 10, 2014 · 10:00 PM

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Singapore

ENGINEERING and property group TEE International posted net profit of $1.6 million for the fiscal second quarter ended Nov 30, 2013, down 35 per cent from $2.5 million a year ago.

Revenue rose 13.9 per cent year on year to $50.1 million as a result of recognition from ongoing and completed engineering and property development projects at 91 Marshall and The Peak @ Cairnhill I.

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