Impairment loss on financial assets and contract assets stood at $1.5 million the year before.
Boustead Singapore, the engineering services and geo-spatial technology group, saw earnings surge 76% to $21.8 million for the 1HFY2021 ended Sept 30, from the $12.4 million registered a year ago.
1HFY2021 revenue dipped slightly at 1% y-o-y to $289.7 million. While the Covid-19 pandemic did not have a large impact on the group’s overall revenue performance, the group reported “high variability” in the impact on the individual revenue performances in each division.
