Tee International, the engineering and integrated real-estate management group, says net profit attributable for the six months ended Nov 30, 2009 (HY2010), with rose 129.2% to $4.5 million compared to the previous corresponding period (HY2009).

Revenue declined 22.4% to $35.4 million from $45.6 million in HY09 mainly due to the delay of certain projects being awarded to the group which resulted in the late commencement and recognition of the revenue from these projects in HY10. The revenue contribution in HY10 is mainly derived from the engineering segment.

Earnings per share jumped to 3.2 cents in the current financial period compared to 1.49 cents in the previous corresponding period.

Overall, the group maintains a positive outlook for its engineering and integrated real-estate segments in the next six months.

Under the engineering business, Tee International has an outstanding order book of $269.8 million in Singapore and will continue to aggressively pursue new orders.