SINGAPORE (Feb 22): Soilbuild Construction Group reported $3.5 million in earnings for 4Q16, down 37.6% from its net profit of $5.6 million in 4Q15.
Revenue for the quarter fell 8.8% to $89.4 million from $98 million a year ago, with major revenue contributors being its projects for Jalan Lam Huat, Yishun HDB, Sembawang HDB, Ang Mo Kio HDB, Goodwood Grand, and the development of a hospice at Thomson Road.
Gross profit declined 33.6% to $5.3 million from $8 million in 4Q15, such that gross profit margin in 4Q fell to 6% from 8.2% in the previous year.
