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Hock Lian Seng reports 54% fall in 9M earnings to $8.5 mil

PC Lee
PC Lee • 2 min read
Hock Lian Seng reports 54% fall in 9M earnings to $8.5 mil
SINGAPORE (Nov 6): Hock Lian Seng, the construction company which focuses on infrastructure projects, reported a 54.1% fall in 9M earnings to $8.5 million from a year ago on lower other income and absence of results of joint venture.
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SINGAPORE (Nov 6): Hock Lian Seng, the construction company which focuses on infrastructure projects, reported a 54.1% fall in 9M earnings to $8.5 million from a year ago on lower other income and absence of results of joint venture.

This came despite an 18.6% rise in 9M revenue to $100.6 million mainly contributed from the Changi Airport JV project.

There was no contribution from the Property Development and revenue from Investment property segment remained insignificant.

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