Boustead's net profit tumbled 30% to $17.9m in Q4

Due to lower revenue across the board.

Boustead Singapore reported that its net profit dipped 30% year-on-year to $17.9m in the fourth quarter.

The decline was driven by lower revenue in all its business segments, particularly energy-related engineering, real estate solutions, and geo-spatial technology. Its Q4 revenue declined 14% year-on-year to $17.9m.

On a full-year basis, the group's net profit slipped 10% to $63.3m. This decline was due to non-recurring gains booked in the previous financial year.

Join Singapore Business Review community
Since you're here...

...there are many ways you can work with us to advertise your company and connect to your customers. Our team can help you dight and create an advertising campaign, in print and digital, on this website and in print magazine.

We can also organize a real life or digital event for you and find thought leader speakers as well as industry leaders, who could be your potential partners, to join the event. We also run some awards programmes which give you an opportunity to be recognized for your achievements during the year and you can join this as a participant or a sponsor.

Let us help you drive your business forward with a good partnership!