After adjusting for other gains and losses net of non-controlling interests, quarterly net profit would be 21% lower y-o-y.
SINGAPORE (Feb 10): Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, has announced earnings of $9.5 million for the third quarter ended Dec 31, 26% higher from $7.5 million a year ago.
Although revenue for the quarter fell by 19% from $115.7 million from $142.3 million, total profit and net profit grew 25% and 26% y-o-y to $14.1 million and $6.5 million respectively due to the group’s non-controlling interests at Boustead Projects.
