In 4Q18, revenue decreased by 7% to $27.1 million from a year ago due mainly to the decrease in revenue from airport projects by $3.4 million and big pipe diameter projects by $1.4 million as a result of completion of these projects. This was however partially offset by the increase in revenue from distribution cable projects by $2.1 million.
SINGAPORE (May 28): Ley Choon Group reported a 95.6% drop in 4Q18 earnings to $0.2 million, marking the eight consecutive quarter of profitability for the underground utilities infrastructure construction and road works service provider.
This also brings Ley Chooon’s FY18 earnings to just $1.5 million compared to $17.7 million a year ago.
