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OKP posts 43.7% drop in 1Q earnings to $2.8 mil

By Stanislaus Jude Chan

/ The Edge Singapore |

May 8, 2018 12:49 PM SGT

SINGAPORE (May 7): Infrastructure and civil engineering firm OKP Holdings recorded a 43.7% decline in earnings to $2.8 million for the 1Q ended March, from $5.1 million a year ago.

This was mainly attributable to lower revenue as well as lower share of profit of associated companies and joint ventures.

1Q18 revenue fell 22.7% to $23.0 million, from $29.7 million a year ago.

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