How a nearly two century-old company is banking on 21st century technology for growth

SINGAPORE (Feb 17): Boustead Singapore, the 188-year-old engineering company, took a bet on futuristic 3D and Big Data technology to help achieve its best set of quarterly earnings in two years.

In the 3Q ended Dec, overall earnings rose 26% to $9.5 million as revenue from the geospatial segment rose 4% to $26.7 million while profit rose 2% to $5.1 million. The segment now makes up 23% of total revenue and 30% of overall gross profit.

“Last year, the trend among companies was to gather as much data as you can. Now that they have the data, we see more companies approaching us to derive insights from the data,” says Leslie Wong, managing director of Esri South Asia, one of several businesses within Boustead Singapore’s geospatial technology segment.

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