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Bukit Sembawang Estates 2Q earnings dropped 54% to $17.2 mil on lower revenue

Samantha Chiew
Samantha Chiew • 1 min read
Bukit Sembawang Estates 2Q earnings dropped 54% to $17.2 mil on lower revenue
SINGAPORE (Nov 10): Bukit Sembawang Estates announced that 2Q18 earnings dropped 54% to $17.2 million from $37.3 million in 2Q17.
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SINGAPORE (Nov 10): Bukit Sembawang Estates announced that 2Q18 earnings dropped 54% to $17.2 million from $37.3 million in 2Q17.

Revenue fell 56.2% to $31.9 million compared to $72.9 million a year ago.

Similarly, cost of sales dropped 55% to $11.9 million from $26.4 million the previous year, mainly due to lower sales and lower profit recognition on development projects

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