Revenue for 3Q17 dropped 10.2% to $27.6 million mainly due to the completion of some projects and the decrease in sale of construction materials in the quarter. But gross profit improved 50.1% to $4.4 million mainly due to lower cost as a result of better usage and deployment of internal resources.
SINGAPORE (Feb 13): Ley Choon Group Holdings, the one-stop service provider for underground utilities construction and road works, posted its third consecutive profitable quarter for the 3Q17 with earnings of $8.8 million from a loss of $2.9 million a year ago.
This strong 3Q17 contributed to a 9M17 earnings of $14.1 million, cementing a successful turnaround from the loss of $46.5 million in 9M16.
