Beng Kuang Marine's Attributable Profit Declines 66% in H1; Shares Down Nearly 8%
MT Newswires
Aug 07
Beng Kuang Marine's (SGX:BEZ) attributable profit declined by 66% during the half year ended June 30 to SG$2.9 million from SG$8.6 million a year earlier, according to a Wednesday filing with the Singapore Exchange.
Shares of the company were down nearly 8% in recent trading.
Earnings per share dropped to SG$0.0146 compared with SG$0.0430 in the comparable period.
Revenue was down 15% year over year to SG$50.8 million from SG$59.9 million, mainly due to decreased revenue from the infrastructure engineering division.
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