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Chip Eng Seng 2Q earnings plunge 94% to $0.8 mil

Stanislaus Jude Chan
Stanislaus Jude Chan8/4/2017 6:24 PM GMT+08  • 2 min read
Chip Eng Seng 2Q earnings plunge 94% to $0.8 mil
SINGAPORE (Aug 4): Chip Eng Seng Corporation saw its earnings dive 94.3% to $0.8 million for the 2Q ended June, from $14.3 million a year ago.
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SINGAPORE (Aug 4): Chip Eng Seng Corporation saw its earnings dive 94.3% to $0.8 million for the 2Q ended June, from $14.3 million a year ago.

Group revenue fell 9.3% to $212.6 million in 2Q17, from $234.3 million a year ago.

This was led by an 8.2% decline in revenue from its property developments business to $141.8 million, and a 13.8% drop in its construction business to $60.7 million.

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