Boustead Singapore's Profit Surges 34% in Fiscal H1; Revenue Drops 20%

MT Newswires

2024/11/13

Boustead Singapore's (SGX:F9D) profit attributable to equity holders was up 34% year over year to SG$36.0 million for the six months ended Sept. 30, from SG$26.9 million, according to a filing with the Singapore Exchange on Tuesday.

Earnings per share came in at SG$0.075 from SG$0.056 in the year-ago period.

Revenue declined 20% to SG$295.2 million from SG$267.9 million a year earlier, mainly due to lower contributions from the engineering division and real estate solutions divisions.

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