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OKP 2Q earnings plunge 97.8% to $0.1 mil on lower construction revenue, termination of PIE viaduct project

Stanislaus Jude Chan
Stanislaus Jude Chan8/7/2018 12:13 AM GMT+08  • 2 min read
OKP 2Q earnings plunge 97.8% to $0.1 mil on lower construction revenue, termination of PIE viaduct project
SINGAPORE (Aug 6): OKP Holdings saw its earnings plunge 97.8% to $0.1 million for the 2Q18 ended June, from $5.0 million a year ago.
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SINGAPORE (Aug 6): OKP Holdings saw its earnings plunge 97.8% to $0.1 million for the 2Q18 ended June, from $5.0 million a year ago.

2Q18 group revenue fell 20.6% to $27.4 million, from $34.5 million a year ago.

The decline was led by a 61.2% drop in construction revenue to $8.7 million in 2Q18, from $22.5 million a year ago. The segment, which a year ago accounted for 65.3% of total revenue, in the current quarter only made up 31.9% of total revenue.

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