Soilbuild Construction Group reports 11% drop in Q2 net profit
Published on Jul 31, 2014 9:10 PM
SINGAPORE - Soilbuild Construction Group, the construction arm of Soilbuild Group, posted a second-quarter net profit of $5.2 million, a fall of 11 per cent.
It was affected by several factors, including foreign exchange loss, higher administrative expenses and higher operating expenses.
Revenue marginally fell 0.3 per cent to $67.7 million for the three months to June 30.
Various projects contributing to revenue include a mixed use development in Lavender Street-Kallang Avenue and Tampines and Ang Mo Kio HDB projects.
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