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Hock Lian Seng 1Q earnings down 17% to $2.1 mil on absence of profit from JV

Jude Chan
Jude Chan • 1 min read
Hock Lian Seng 1Q earnings down 17% to $2.1 mil on absence of profit from JV
SINGAPORE (May 9): Civil engineering group Hock Lian Seng Holdings saw earnings fall 16.6% to $2.1 million to the first quarter ended March, from $2.5 million a year ago.
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SINGAPORE (May 9): Civil engineering group Hock Lian Seng Holdings saw earnings fall 16.6% to $2.1 million to the first quarter ended March, from $2.5 million a year ago.

This was mainly due to the absence of a $1.1 million gain in 1Q16 from its share of profit from a joint venture.

Revenue grew 18.7% to $28.0 million in 1Q17, compared to $23.6 million in the corresponding period last year.

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