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Boustead Projects reverses into the black with earnings of $5.9 mil in 1HFY2022

Felicia Tan
Felicia Tan11/11/2021 08:16 PM GMT+08  • 3 min read
Boustead Projects reverses into the black with earnings of $5.9 mil in 1HFY2022
Looking ahead, Boustead Projects says it expects to remain profitable for the FY2022.
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Boustead Projects has reversed into the black with earnings of $5.9 million for the 1HFY2022, compared to losses of $2.2 million in the 1HFY2021.

Earnings per share (EPS) for the period stood at 1.9 cents from the loss per share of 0.7 cents in the 1HFY2021.

Total profit for the 1HFY2022 stood at $5.9 million from the total loss of $2.3 million in the previous year. This is due to the higher profit in the engineering and construction (E&C) segment and partly offset from the real estate business segment.

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