The company's energy engineering business reported revenue of $88 million, up 130% y-o-y; its real estate business was up 45% y-o-y to $170 million and geospatial was up 23% y-o-y to $105 million.
Ong Khang Chuen of CGS-CIMB Research has reiterated his "add" call on Boustead Singapore (SGX:F9D
) following its 1HFY2024 earnings that came in at "slightly" above expectations.
For the six months ended September, Boustead Singapore, with all-around growth from its business units, reported core PATMI of $26 million, up 90% y-o-y and up 44% over the preceding 2HFY2023.
