Home Capital Results

Boustead Projects 1Q earnings down 53% to $4.7 mil on absence of one-off gains

Samantha Chiew
Samantha Chiew8/7/2019 05:47 PM GMT+08  • 2 min read
Boustead Projects 1Q earnings down 53% to $4.7 mil on absence of one-off gains
SINGAPORE (Aug 7): Boustead Projects reported 1Q20 earnings of $4.7 million, 53% lower compared to the $10 million in 1Q19, on absence of one-off gains from sale of 25 Changi North Rise in FY19.
Font Resizer
Share to WhatsappShare to FacebookShare to LinkedInMore Share
Scroll to top
Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 7): Boustead Projects reported 1Q20 earnings of $4.7 million, 53% lower compared to the $10 million in 1Q19, on absence of one-off gains from sale of 25 Changi North Rise in FY19.

Earnings for 1Q19 was also affected by lower margins from current projects and a lower quantum of cost savings from previously completed projects.

This was despite a 59% increase in revenue to $62.4 million from $39.2 million a year ago, driven by revenue increases from both the group’s Design-and-Build and Real Estate business segments.

For more insights on corporate trends...
Sign In or Create an account to access our premium content.
Subscription Entitlements:
Less than $9 per month
Unlimited access to latest and premium articles
3 Simultaneous logins across all devices
Bonus unlimited access to online articles and virtual newspaper on The Edge Malaysia (single login)
×
Loading next article...
The Edge Singapore
Download The Edge Singapore App
Google playApple store play
Keep updated
Follow our social media
Subscribe to The Edge Singapore
Get credible investing ideas from our in-depth stock analysis, interviews with key executives, corporate movements coverage and their impact on the market.
© 2022 The Edge Publishing Pte Ltd. All rights reserved.
Unlock unlimited access to premium articles with less than $9 per month. Subscribe Now