Boustead Projects' 1Q earnings rise 73% to S$10 mil on one-off gain

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SINGAPORE (Aug 12): Boustead Projects has reported a 73% rise in 1QFY19 earnings to S$10 million, compared with S$5.8 million a year ago, mainly boosted by a one-off gain from the sale of a property.  

Revenue for the quarter under revenue was 7% higher y-o-y at S$10 million, due to higher design-and-build revenue, partially offset by lower leasing revenue.

Notably, the group booked a S$5.9 million gain on the...(click on link for full story on theedgesingapore.com)