Ryobi Kiso Holdings, the ground engineering specialist and provider of bored piling and geoservices, today reported a 70.1% y-o-y fall in net profit to $3 million for the second quarter ended 31 December 2010 (2Q11).
Revenue posted was $31.5 million in 2Q11, an increase by $5 million or 18.5% from $26.5 million in 2Q10 largely due to an increase in value of work done for on-going and completed projects; and new piling projects secured. These major private and public sector projects include The Scala, Flamingo Valley, Edusports and HDB Bukit Panjang N4 C14.



