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Boustead posts 15.5% drop in 3Q net profit to $8.7m

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Boustead Singapore, the global infrastructure-related engineering services and geo-spatial technology group, announced its financial results for the third quarter ended 31 December 2009.

For 3Q FY2010 and 9M FY2010, the group said it achieved revenue of $103.6 million (-9.6%  y-o-y) and $336.8 million (+3.6% y-o-y) respectively. Net profit attributable to owners of the parent were $8.7 million (-15.5% y-o-y) and $28.9 million (+13.7% y-o-y) for the respective periods.

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