Furthermore, there was no contribution from the property development segment and the revenue from the investment property segment remained insignificant, says the group.
SINGAPORE (Aug 3): Civil engineering group Hock Lian Seng earnings for 1H17 ended June declined to $2.5 million compared to $12.5 million in 1H16 on the absence of joint venture profits in the previous year.
Revenue for the six months ended June was down 7% at $51.2 million from $55.2 million a year ago, due to the lower billing of current ongoing projects in 2Q as well as the fact that contributions from its new Changi Airport JV has yet to register at a significant scale.
