Boustead profits up 31% to $9.54m in Q2

But revenue fell due to its weaker design-and-build and leasing segments.

Industrial real estate solutions provider Boustead Projects Limited's (BPL) profits jumped by 31% YoY from $7.27m to $9.54m in Q2.

According to its financial statement, this was achieved on a better overall gross margin due to productivity improvements and the unlocking of project cost savings.

However, revenue fell 19% YoY to $50.12m due to lower revenue contributions from both the design-and-build and leasing businesses. The previous year’s comparative period had more projects with greater work progress.

There was also was a lower total value of contracts secured during 2017 for revenue conversion during the quarter.

Cost of sales narrowed down by 33% to a negative value of $31.59m.

Reaching the people who run Asia's businesses is harder than it used to be.

Inboxes are crowded. Attention is short. The executives you most want to reach — the founders, CFOs, and operators who actually move budgets — are the hardest to find through the usual channels. If you're building a company, a category, or a reputation, you already know this.

We've spent twenty years building the room they read. Singapore Business Review is where senior decision makers in Singapore and across Southeast Asia come for business coverage they can't get elsewhere — in print, online, and in person at the summits and roundtables we host across seven markets.

If you have something these readers should know about — a point of view worth publishing, a product worth their attention, an event worth their time — we'd like to hear what you're trying to do.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia