On 12th February, my favourite company, Boustead Singapore Limited announced its 3Q FY2016 financial results.
The
revenue of S$142.3 million for 3Q FY2016 was 20% lower than 3Q FY2015.
Net profit of S$7.5 million was 36% lower than 3Q FY2015. If you take into account the demerger and other gains and losses, then net profit for 3Q FY2016 would be 16% lower year-on-year.
Mr Wong Fong Fui, Chairman and Group Chief Executive Officer of Boustead said,
“All our divisions continued to deliver profitability even in these harsh business conditions. Nonetheless, our businesses face significant challenges and especially our Energy Related Engineering Division with the further slide in global crude oil prices. We continue to proactively manage our costs to partially mitigate these circumstances.”
Financial Results
|
3Q2016 (S$) |
3Q2015 (S$) |
Change (%) |
| Revenue |
142.3m |
177.9m |
(20%) |
| Gross Profit |
42.2m |
42.0m |
0% |
| Profit Before Income Tax |
15.... |
...
