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

“PropertyMummy” Fina Leong driving families forward in their home investing journey

Sale of HDB shophouse in Toa Payoh offers prime entry point into the area's long-term rejuvenation

Tropicana previews Johor branded residence Skypark Kepler to Singapore buyers

Residential transactions with contracts dated November 5 to 12 [DONE DEALS]