Meanwhile, a $0.2 million share of loss of associates was recorded over the quarter as compared to a gain of $2 million a year ago. This was largely due to lower share of profits from King Wan’s investment in Skywoods, a residential development project in Singapore, which has been fully completed and sold in the prior period.
SINGAPORE (Feb 13): King Wan Corporation has announced earnings of $1.7 million for 3Q18, down 50% from its earnings of $3.4 million a year ago on lower share of profit of associates.
Revenue for the quarter grew 2% to $22.9 million from $22.4 million previously, as a result of more mechanical and electrical (M&A) engineering activities being carried out over the quarter as compared to a year ago.
