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Boustead Projects reports 19% fall in FY18 earnings to $29.2 mil on absence of one-offs

PC Lee
PC Lee5/18/2018 06:48 PM GMT+08  • 2 min read
Boustead Projects reports 19% fall in FY18 earnings to $29.2 mil on absence of one-offs
SINGAPORE (May 18): Boustead Projects reported a 19% fall in FY18 earnings to $29.2 million which came on the back of a 12% fall in revenue to $201.3 million.
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SINGAPORE (May 18): Boustead Projects reported a 19% fall in FY18 earnings to $29.2 million which came on the back of a 12% fall in revenue to $201.3 million.

For 4Q18, Boustead Projects registered quarterly revenue that was 50% higher year-on-year at $57.6 million, due to higher revenue contributions from the design-and-build business.

Design-and-build revenue was 64% higher year-on-year at $49.9 million, as there was greater revenue converted from contracts secured during FY18.

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