For the 1HFY2025, the group’s revenue stood at $295.2 million, down 20% y-o-y. This came on the back of lower revenue contributions from Boustead’s Energy Engineering Division and Real Estate Solutions Division (Boustead Projects).
Boustead Singapore has reported a net profit of $36.0 million for the 1HFY2025 ended September 30, a 34% y-o-y increase from the same period a year before.
The group says that after adjusting for other gains/losses and impairments, all net of non-controlling interests, net profit would have been 48% higher y-o-y. This was due to higher gross profit and interest income, and a reversal of impairment loss, which was partially offset by other losses and higher overhead expenses.
