OKP 2Q earnings plunge 97.8% to $0.1 mil on lower construction revenue, termination of PIE viaduct project

News

OKP 2Q earnings plunge 97.8% to $0.1 mil on lower construction revenue, termination of PIE viaduct project

By Stanislaus Jude Chan | August 7, 2018

Follow us on Facebook and join our Telegram channel for the latest updates.

SINGAPORE (Aug 6): OKP Holdings saw its earnings plunge 97.8% to $0.1 million for the 2Q18 ended June, from $5.0 million a year ago.

2Q18 group revenue fell 20.6% to $27.4 million, from $34.5 million a year ago.

Read more on The Edge Singapore.

More from Edgeprop

CDL offers a portfolio of 11 strata shops at The Venue Shoppes for $40.77 mil

Four-bedder at Ardmore Park sold for $6.5 mil profit

ANALYSIS: These three GLS sites could revive developers’ interest

Three-bedroom Angullia Park Residences @ Orchard unit for sale at $3.88 mil