Oxley posts 33% drop in 2Q earnings to $45.2 mil

By Stanislaus Jude Chan / The Edge Singapore | February 12, 2019 2:27 PM SGT
SINGAPORE (Feb 11): Oxley Holdings has reported a 33% decline in earnings to $45.2 million for the 2Q19 ended December, from $68.0 million a year ago.
2Q19 revenue fell 12% to $355.5 million, from $406.1 million a year ago, mainly due to lower revenue contribution from the project in the UK.
Gross profit fell 33% to $46.4 million in 2Q19, as gross profit margin fell 4 percentage points due to lower margin on the development project in the UK.
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