CSC Holdings, the homegrown foundation and geotechnical engineering specialist, has posted a profit after tax to $5 million for the three months ended Dec 31, down 39% from $8.2 million a year earlier.

Revenue fell 41.3% to $72.3 million from $123.1 million.

CSC says construction demand last year was lower than that in 2008 levels, with private sector demand remaining weak. Public sector projects led by various major civil engineering projects, continued to drive construction demand last year.

This year, CSC there will be more infrastructure projects in the pipeline which require a considerable amount of foundation works and this bodes well for the group.

On a positive note, the group says its overseas foray has begun to bear fruit. In Malaysia, some of the group’s notable foundation-related project wins include Neo Damansara, a mixed commercial project, Plaza 33 in Petaling Jaya, the Kuala Lumpur General Hospital extension and the Hospital University Kebangsaan Malaysia at Cheras.

To this end, CSC says it will continue to seek opportunities in Vietnam and Malaysia.