Boustead Projects' Q4 net profit up 165%

SINGAPORE - Real estate solutions provider Boustead Projects yesterday reported fourth-quarter net profit soared 165 per cent to $14.3 million.

Turnover fell 35 per cent to $38.5 million for the three months to March 31, as the design-and-build and leasing businesses contributed less.

Quarterly earnings per share was 4.5 cents, compared with 1.7 cents a year earlier, while net asset value per share was 71.7 cents as at March 31 , compared with 60.6 cents a year earlier