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Boustead Projects records 2% dip in 4Q earnings to $5.7 mil despite revenue surge

Stanislaus Jude Chan
Stanislaus Jude Chan5/23/2019 07:22 PM GMT+08  • 3 min read
Boustead Projects records 2% dip in 4Q earnings to $5.7 mil despite revenue surge
SINGAPORE (May 23): Real estate solutions specialist Boustead Projects posted a 2% drop in earnings to $5.7 million for the 4Q19 ended March, compared to restated earnings of $5.8 million for 4Q18.
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SINGAPORE (May 23): Real estate solutions specialist Boustead Projects posted a 2% drop in earnings to $5.7 million for the 4Q19 ended March, compared to restated earnings of $5.8 million for 4Q18.

This brings full year earnings for FY19 to $30.6 million, some 5% higher than earnings of $29.2 million a year ago.

The group recorded earnings per share (EPS) of 1.8 cents for 4Q19, the same as a year ago. For FY19, EPS rose to 9.8 cents, compared to 9.1 cents for FY18.

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