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Hock Lian Seng reports 45% fall in FY17 earnings to $19.8 mil

PC Lee
PC Lee2/26/2018 06:31 PM GMT+08  • 2 min read
Hock Lian Seng reports 45% fall in FY17 earnings to $19.8 mil
SINGAPORE (Feb 26): Hock Lian Seng, the construction company with a focus on infrastructure projects, reported a 45% fall in FY17 earnings to $19.8 million from $35.9 million.
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SINGAPORE (Feb 26): Hock Lian Seng, the construction company with a focus on infrastructure projects, reported a 45% fall in FY17 earnings to $19.8 million from $35.9 million.

This came on the back of higher cost of sales and lower other income and share of results from JV.

Full-year revenue rose 27.9% to $151.1 million mainly led by its Civil Engineering segment which recorded a 27% rise in revenue to $149.6 million.

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