Chip Eng Seng 2Q earnings down 67% to $4 mil; acquires Aussie childcare centre

By Samantha Chiew / The Edge Singapore | August 2, 2019 2:28 PM SGT
SINGAPORE (Aug 1): Property and education group Chip Eng Seng reported 2Q19 earnings ended June of $3.9 million, down 67.4% from $12.2 million in 2Q18 on lower sales and higher expenses.
For 1H19 ended June, 1H19 earnings came in at $15.2 million, 17% lower compared to $18.4 million in 1H18.
Overall revenue for 2Q19 fell 7.2% lower to $237.4 million from $255.7 million a year ago.
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