SINGAPORE (Nov 5): OKP Holdings announced 3Q18 earnings increased 9.3% to $0.81 million, compared to $0.74 million in 3Q17.

However, earnings for 9M18 was 65% lower at $3.76 million, compared to $10.7 million in 9M17, mainly due to a decrease in revenue for the period.

During the quarter, the group’s revenue dropped by 20.0% to $21.7 million from $27.1 million a year ago, mainly due to a decrease in revenue from the group’s construction and maintenance segments, but was partially offset by higher rental income.

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