Boustead Singapore reported 13% higher y-o-y total profit of $25.9 million for 1HFY2022 ended September, while net profit fell 2% y-o-y at $21.3 million. 

After adjusting for other gains and losses net of non-controlling interests, impairments and the Jobs Support Scheme, net profit for 1HFY2022 would have been 24% lower y-o-y. 

Overall revenue was 17% higher y-o-y at $340.3 million, "with the Covid-19 pandemic appearing to have a marginal impact on the Group’s overall revenue performance, although there was high variability in the impact on each division’s revenue performance", says the company in a Nov 12 press release. 

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