The decline in contributions from these segments was partially offset by higher rental income from the group’s newly-purchased office property at 6-8 Bennet Street, East Perth, Western Australia.
SINGAPORE (May 6): OKP Holdings posted earnings of $1.1 million for the 1Q ended March, falling 62.4% from earnings of $2.8 million in 1Q18 on lower revenue and gross profit, together with a share of loss of associated companies and joint ventures.
Total revenue slumped 16.8% y-o-y to $19.2 million from $23 million previously due to lower contributions from the maintenance and construction segments, as fewer completed projects and lower percentages of newly-awarded projects were recognised compared to in the previous year.
