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Boustead has a good 2Q

Vincent Chia
Boustead has a good 2Q

Boustead Singapore Limited announced its 2Q results. 1H revenue was up 5% year-on-year to $256.1 million while 1H PATMI was up 26% to $33.6 million. 2Q revenue was up 14% year-on-year to $129.7 million while 2Q PATMI was up 94% year-on-year to $17.5 million. The results are attributed to growth from its Energy-Related Engineering and Real Estate Solutions Divisions. In particular the Real Estate Solutions Division has secured $285 million of new contracts since the start of FY 2015. Going forward, Boustead expects to deliver a reasonable level of profit. Current orderbook for the Group stands at $441 million.

GET TO THE POINT : Looks like Boustead is benefiting from the investment in infrastructure this year from global companies.

(Picture from Boustead Singapore Limited)

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